impact of parks and open space on property values and the property tax base
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impact of parks and open space on property values and the property tax base

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Published by Division of Professional Services, National Recreation & Park Association in Ashburn, Va .
Written in English

Subjects:

  • Parks -- Economic aspects -- United States.,
  • Land use -- Effect of taxation on -- United States.,
  • Open spaces -- Economic aspects -- United States.,
  • Real property -- Valuation -- United States.

Book details:

Edition Notes

Statementby John L. Crompton.
ContributionsNational Recreation and Park Association., National Recreation Foundation.
The Physical Object
Paginationiii, 114 p. :
Number of Pages114
ID Numbers
Open LibraryOL22369353M
ISBN 100929581555

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This suggests that communities that plan for parks and recreational open space will have higher property values and generate greater property tax revenues for local government than those areas. larger amount for a property located close to parks and open space areas than for a home that does not offer this amenity. The higher value of these residences means that their ow n-ers pay higher property taxes. In effect, this represents a “capitalization” of park land into increased property values of proximate land owners. ables other than park land and open space that may influence property values, which enhances the credibility and acceptance of their findings. A corollary proposition to the positive i m-pact of parks on p roperty values is that the net cost to a community of maintaining and servi c-ing parks and open space is less than the netFile Size: KB. The proximate principle: the impact of parks, open space and water features on residential property values and the property tax base Author: John L Crompton ; National Recreation and Park Association.

impact of preserving open space on property values According to the Impact report, the economic contributions of public park land and open space are twofold: first, they often increase nearby property values (resulting in more property tax revenue to the town), and, second, the town avoids costs associated with providing municipal services to a residential development that might otherwise be . Implications Recent analyses suggest that open spaces may have substantial positive impacts on surrounding property values and hence, the property tax base, providing open space advocates . John L. Crompton is a Distinguished Professor in the Department of Recreation, Park and Tourism Sciences at Texas A&M University. NICHOLLS AND CROMPTON. In times of budgetary cutbacks and other financial constraints, the abil- ity to demonstrate the economic values of public parks and open spaces may be especially crucial, to their continued existence, further development File Size: 1MB. In his book, The Proximate Principle: The Impact of Parks, Open Space and Water Features on Residential Property Values and the Property Tax Base, Texas A&M University professor John Crompton cites 25 studies that record increased property values around the perimeter of Size: KB.

  Green Space and Property Values. Although development can help fulfill a population’s needs for additional housing and commercial space as well as increase tax base revenue, green spaces provide a number of benefits, many of which have been discussed throughout this survey. Crompton, John L. “The Impact of Parks on Property Values. The Basic Principle: The premise that parks and open space have a positive impact on property values derives from the observation that people frequently are willing to pay a larger amount of money for a home located close to these types of areas, than they are for a comparable home further away. Impact of parks and open space on property values and the property tax base. Ashburn, Va.: Division of Professional Services, National Recreation & Park Association, © (OCoLC) Document Type: Book: All Authors / Contributors: John L Crompton; National Recreation and Park Association.; National Recreation Foundation. The economic impact of parks, recreation and open space is substantial. Spending by recreationists provide direct earnings, jobs and tax revenues. In , The Outdoor Industry Association (OIA) released an economic impact report for outdoor recreation that demonstrates how big of an industry outdoor recreation is in this Size: KB.