This study investigates the effect of property taxes on real business decisions. Consistent with tax avoidance, we posit that personal property tax rates are associated with decreases (increases) in inventory prior to (following) assessment dates. We empirically test this prediction using both...

This study investigates the effect of personal property taxes on real business decisions. Consistent with tax avoidance, we posit that personal property taxes are associated with decreases (increases) in inventory prior to (following) assessment dates. We empirically test this prediction using...