Open space, house prices, and the tax base

Donald Vandegrift, Michael Lahr

Research output: Contribution to journalArticlepeer-review

5 Scopus citations

Abstract

This paper examines the effect of public acquisitions of open space on changes in house prices and the municipal tax base using municipal-level data from New Jersey. We find that open-space expenditures yield a stream of benefits in the future but that any effect of open-space acquisitions on the tax base is immediate. Finally, we find that while higher tax rates are associated with a lower tax base, a larger tax base depresses tax rates.

Original languageEnglish (US)
Pages (from-to)83-100
Number of pages18
JournalAnnals of Regional Science
Volume46
Issue number1
DOIs
StatePublished - Feb 2011

All Science Journal Classification (ASJC) codes

  • Environmental Science(all)
  • Social Sciences(all)

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