The Effect Of Open Space On Residential Property Values In Wake County, NC Public Deposited

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Last Modified
  • February 28, 2019
Creator
  • Henderson, Katherine
    • Affiliation: College of Arts and Sciences, Department of City and Regional Planning
Abstract
  • This Masters Project employs hedonic price analysis, a revealed preference method, to estimate a component of the economic value of open space in Wake County, NC. Specifically, I seek to quantify the portion of economic value that is reflected in increased sale prices of single-family residential properties. If significant, these results can be used to calculate the incremental property tax revenue associated with open spaces, demonstrating that open spaces actually do provide a modest return to local government in the form of increased property taxes. As mentioned above, this research could also be used to encourage additional private provision of open space, by showing a positive relationship between proximity to private open spaces and house sale price.
Date of publication
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DOI
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Rights statement
  • In Copyright
Advisor
  • Song, Yan
Degree
  • Master of City and Regional Planning
Degree granting institution
  • University of North Carolina at Chapel Hill
Language
Location
  • Wake County, North Carolina, United States
Extent
  • 68 p.
Access
  • Open access
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