开放空间维护支出对房价的影响

IF 3.2 3区 经济学 Q1 ECONOMICS Journal of Regional Science Pub Date : 2023-06-06 DOI:10.1111/jors.12655
David M. Brasington
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引用次数: 0

摘要

我们研究削减当地公园和娱乐场所的维护资金对房屋价值的影响。这是我们发现的第一个关于房价和公园维护支出的研究,也是我们发现的第二个使用回归不连续的开放空间研究。我们研究了外生时间的税收投票,以更新公园和娱乐方面的当前支出,增加了关于环境设施房价资本化的充满活力的文献。我们发现,在其他方面相似的社区,与那些几乎没有投票支持减税的社区相比,房价下跌了11%。资本化折扣率在后期增长到13%和16%。投票反对支出每年为一所普通房屋节省70美元,但使房屋价值减少3万多美元。我们发现,高税收和高房价的影响更大。
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The effect of open space maintenance spending on house prices

We study the effect on housing values of cutting funding for the maintenance of local parks and recreational areas. It is the first study we find on house prices and park maintenance spending, and only the second open space study we find that uses regression discontinuity. We study tax votes with exogenous timing for renewing current expense spending on parks and recreation, adding to the vibrant literature on house price capitalization of environmental amenities. We find that otherwise similar communities that barely vote to cut taxes suffer an 11% drop in house prices, compared to communities that barely vote to renew tax funding. The capitalization discount grows to 13% and 16% in later periods. Voting against spending saves $70 a year for a typical house but cuts house values by over $30,000. We find stronger effects for large tax levies and more expensive houses.

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来源期刊
CiteScore
4.90
自引率
6.70%
发文量
54
期刊介绍: The Journal of Regional Science (JRS) publishes original analytical research at the intersection of economics and quantitative geography. Since 1958, the JRS has published leading contributions to urban and regional thought including rigorous methodological contributions and seminal theoretical pieces. The JRS is one of the most highly cited journals in urban and regional research, planning, geography, and the environment. The JRS publishes work that advances our understanding of the geographic dimensions of urban and regional economies, human settlements, and policies related to cities and regions.
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