The Effect of the Tax Reform Act of 1986 and Over built Markets on Commercial Office Property Values
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 highest loss was...
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| Veröffentlicht in: | The Journal of real estate research 2000-01, Vol.19 (3), p.301-320 |
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| container_title | The Journal of real estate research |
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| creator | Smith, Stanley D. Woodward, Larry R. Schulman, Craig T. |
| description | 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 highest loss was in the South. The significantly higher losses in the South and the West are supportive of the argument that the effect of tax or regulatory changes on real estate will vary across regions based on vacancy rates and economic growth. |
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The significantly higher losses in the South and the West are supportive of the argument that the effect of tax or regulatory changes on real estate will vary across regions based on vacancy rates and economic growth.</description><subject>Commercial real estate</subject><subject>Economic regions</subject><subject>Economic value</subject><subject>Estimated taxes</subject><subject>Property taxes</subject><subject>Real estate appraisal</subject><subject>Real estate economics</subject><subject>Real estate investment trusts</subject><subject>Real estate taxes</subject><subject>Value appraisal</subject><issn>0896-5803</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2000</creationdate><recordtype>article</recordtype><sourceid/><recordid>eNqFicsKgkAUQGdRkD0-Ibg_EIyT6bgMKdqEEdI2Jr1DmjpyZ4z8-4Latzqcc0bM4zIOVxvJ1xM2tbbinAdCRB4rsjvCTmvMHRgN7mOZesEZtaEGtt_qxzIE1RaQPpHg1pe1g6OiBzoLpoXENA1SXqoaUq3LHOFEpkNyA1xU3aOds7FWtcXFjzO23O-y5LCqrDN07ahsFA1XEUgZCeGv__035OA_Gg</recordid><startdate>20000101</startdate><enddate>20000101</enddate><creator>Smith, Stanley D.</creator><creator>Woodward, Larry R.</creator><creator>Schulman, Craig T.</creator><general>The American Real Estate Society</general><scope/></search><sort><creationdate>20000101</creationdate><title>The Effect of the Tax Reform Act of 1986 and Over built Markets on Commercial Office Property Values</title><author>Smith, Stanley D. ; Woodward, Larry R. ; Schulman, Craig T.</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-jstor_primary_248872213</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2000</creationdate><topic>Commercial real estate</topic><topic>Economic regions</topic><topic>Economic value</topic><topic>Estimated taxes</topic><topic>Property taxes</topic><topic>Real estate appraisal</topic><topic>Real estate economics</topic><topic>Real estate investment trusts</topic><topic>Real estate taxes</topic><topic>Value appraisal</topic><toplevel>peer_reviewed</toplevel><toplevel>online_resources</toplevel><creatorcontrib>Smith, Stanley D.</creatorcontrib><creatorcontrib>Woodward, Larry R.</creatorcontrib><creatorcontrib>Schulman, Craig T.</creatorcontrib><jtitle>The Journal of real estate research</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Smith, Stanley D.</au><au>Woodward, Larry R.</au><au>Schulman, Craig T.</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>The Effect of the Tax Reform Act of 1986 and Over built Markets on Commercial Office Property Values</atitle><jtitle>The Journal of real estate research</jtitle><date>2000-01-01</date><risdate>2000</risdate><volume>19</volume><issue>3</issue><spage>301</spage><epage>320</epage><pages>301-320</pages><issn>0896-5803</issn><abstract>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. 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| fulltext | fulltext |
| identifier | ISSN: 0896-5803 |
| ispartof | The Journal of real estate research, 2000-01, Vol.19 (3), p.301-320 |
| issn | 0896-5803 |
| language | eng |
| recordid | cdi_jstor_primary_24887221 |
| source | Jstor Complete Legacy |
| subjects | Commercial real estate Economic regions Economic value Estimated taxes Property taxes Real estate appraisal Real estate economics Real estate investment trusts Real estate taxes Value appraisal |
| title | The Effect of the Tax Reform Act of 1986 and Over built Markets on Commercial Office Property Values |
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