The Valuation of Open-space Property

The Valuation of Open-space Property PDF Author: California. Assessment Standards Division
Publisher:
ISBN:
Category : Real property
Languages : en
Pages : 92

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The Valuation of Open-space Property

The Valuation of Open-space Property PDF Author: California. Assessment Standards Division
Publisher:
ISBN:
Category : Real property
Languages : en
Pages : 92

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Book Description


The Economic Value of Open Space

The Economic Value of Open Space PDF Author: Paul A. Anton
Publisher:
ISBN:
Category : Environmental economics
Languages : en
Pages : 72

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The Value of Public Open Space

The Value of Public Open Space PDF Author: Erik Knoder
Publisher:
ISBN:
Category : City planning
Languages : en
Pages : 112

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Book Description
Public open spaces provide many benefits to individuals and society. Many of the services they provide; such as recreation, enjoyment of nature, and improving water quality; are non-exclusive and nonrival in consumption. The "public good" nature of open space services inhibits the formation of a market for open space areas. This may allow the supply of open space areas to be less than socially optimal. Decisions about the supply of open space areas may be improved by using non-market valuation techniques to provide insight into the value of public open space areas The hedonic property price approach is used in this study to estimate the effect of public open space areas in Corvallis, Oregon on surrounding residential property values. Information about property sales from the period 1990-1995 was gathered to relate the selling price of residential property to the structural, neighborhood, and environmental characteristics of the property by the use of multiple regression analysis. The primary variables of interest were the enviromnental characteristics, "distance to the nearest open space" and "size of the nearest open space". The regression analysis was then conducted for different sub-samples based on the use and topography of the different types of open space areas included in the study. The results of the analysis indicate that public open space may have had a positive effect on surrounding residential property, but that the effect may have been dependent on the distance from the open space and the type of open space. Residential properties near municipal parks or located within 200 feet of open spaces were estimated to have had higher values, ceteris paribus. Schools and cemeteries were estimated to have had a negative, but not statistically significant effect on sample residential property values, while upland and wetland open spaces were estimated to have had a positive, but not statistically significant effect. The estimated implicit marginal value of the amenities produced by the open spaces studied allows a partial estimate of the value of the municipal parks. This partial estimate of value indicates that, under certain conditions, the benefits associated with parks may exceed their cost.

Use-value Assessment of Rural Land in the United States

Use-value Assessment of Rural Land in the United States PDF Author: John Edwin Anderson
Publisher:
ISBN: 9781558442979
Category : Land value taxation
Languages : en
Pages : 0

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Book Description
State and local governments in this country have adopted a number of policies to regulate the conversion of rural land to developed uses. One of the most significant and least understood is preferential assessment of rural land under the real property tax, often called use-value assessment (UVA) or current-use assessment. This book explains and analyzes the critical questions raised by this fiscal tool for farmland preservation. Under UVA, the assessments of various parcels of land within a given state may vary tremendously from property to property. A tract that is zoned residential with access to a turnpike might be assessed at $7,865 per acre. In the very same neighborhood, though, an even larger tract of vacant land might be assessed at a mere $127 per acre, which is far below the market value. How can there be such dramatic differences in the assessment of land values within the same community or neighborhood? Has the town assessor failed to treat property owners fairly and equally, as required by state law? Not at all. Nearly all states across the country permit, and even require, local assessors to value some parcels of undeveloped land far below their fair market values for the purpose of levying local property taxes. Despite their stated purpose of preserving rural lands from urban development, UVA programs can have unintended negative consequences. One is erosion of the legal and constitutional principle of uniformity of taxation; another is shifting of the local tax burden to other property owners, perhaps in a regressive manner. Occasionally UVA programs generate political controversy and even legislative action concerning "fake farmers" who enjoy low property tax bills, but whose land might only be used to sell firewood or Christmas trees to a few friends and neighbors. This volume explains the origins, key features, impacts, and flaws of use-value assessment programs across the United States. It describes in detail the process and characteristics of UVA programs in 44 states and recommends reforms. This book serves as a road map for public officials, scholars, and journalists concerned with agricultural taxation and land use issues.

The Case for Open Space

The Case for Open Space PDF Author: Chris Dunn
Publisher: Parks and Open Space
ISBN: 9780874204193
Category : Architecture
Languages : en
Pages : 43

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Book Description
The Case for Open Space explores the benefits of private sector involvement in creating, maintaining, operating, and programming parks and open space--ranging from enhanced returns on investment for developers that include open space in their projects to improved community health outcomes. This publication by the Urban Land Institute's (ULI) Building Healthy Places Initiative and ULI's Sustainable Development Council (SDC) incorporates research conducted by ULI staff and SDC members, as well as takeaways from stakeholder interviews--including with ULI members who have developed or supported parks and open space through their project investments.

Guidelines for the Valuation of Open-space Land

Guidelines for the Valuation of Open-space Land PDF Author: Texas. State Property Tax Board
Publisher:
ISBN:
Category : Land use, Rural
Languages : en
Pages : 46

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Assessors' Handbook

Assessors' Handbook PDF Author: California. Assessment Standards Division
Publisher:
ISBN:
Category : Real property
Languages : en
Pages : 75

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Book Description


Open Space Land Planning and Taxation

Open Space Land Planning and Taxation PDF Author: Urban Land Institute
Publisher:
ISBN:
Category : Land use
Languages : en
Pages : 72

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Book Description


A Good Tax

A Good Tax PDF Author: Joan Youngman
Publisher:
ISBN: 9781558443426
Category : Local finance
Languages : en
Pages : 260

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Book Description
In A Good Tax, tax expert Joan Youngman skillfully considers how to improve the operation of the property tax and supply the information that is often missing in public debate. She analyzes the legal, administrative, and political challenges to the property tax in the United States and offers recommendations for its improvement. The book is accessibly written for policy analysts and public officials who are dealing with specific property tax issues and for those concerned with property tax issues in general.

Differential Assessment of Real Property as an Incentive to Open Space Preservation and Farmland Retention

Differential Assessment of Real Property as an Incentive to Open Space Preservation and Farmland Retention PDF Author: Robert E. Coughlin
Publisher:
ISBN:
Category : Architecture
Languages : en
Pages : 58

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Book Description