Smith, Stanley D.; Woodward, Larry R.; Schulman, Craig T. - In: Journal of Real Estate Research 19 (2000) 3, pp. 301-320
This is the first empirical study to test the impact of the Tax Reform Act of 1986 on office property values and the impact of regional economic conditions. The results for the period 1983–1988 indicate that it had a significant negative effect on values in all four regions and the...
