The Annals of Regional Science

, Volume 46, Issue 1, pp 83–100

Open space, house prices, and the tax base

Original Paper

DOI: 10.1007/s00168-009-0336-1

Cite this article as:
Vandegrift, D. & Lahr, M. Ann Reg Sci (2011) 46: 83. doi:10.1007/s00168-009-0336-1

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.

JEL Classification

H4Q3

Copyright information

© Springer-Verlag 2009

Authors and Affiliations

  1. 1.School of BusinessThe College of New JerseyEwingUSA
  2. 2.Center for Urban Policy ResearchRutgers UniversityNew BrunswickUSA