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Amenity values of proximity to National Wildlife Refuges: An analysis of urban residential property values

  • Liu, Xiangping
  • Taylor, Laura O.
  • Hamilton, Timothy L.
  • Grigelis, Peter E.

This research quantifies the property value benefits of National Wildlife Refuges near urban areas on the eastern coast of the U.S.A. Our approach is made possible through access to confidential U.S. Census data identifying property values surrounding all refuges with high geographic resolution. Results from hedonic property value models suggest that the amenity values of refuges located near urbanized areas are capitalized into the value of homes in very close proximity, averaging $11million per refuge. These capitalized values add directly to the local tax base and are considerable complements to the annual economic value created by the refuge system.

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Article provided by Elsevier in its journal Ecological Economics.

Volume (Year): 94 (2013)
Issue (Month): C ()
Pages: 37-43

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Handle: RePEc:eee:ecolec:v:94:y:2013:i:c:p:37-43
Contact details of provider: Web page: http://www.elsevier.com/locate/ecolecon

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  10. Steven C. Deller & Tsung-Hsiu (Sue) Tsai & David W. Marcouiller & Donald B.K. English, 2001. "The Role of Amenities and Quality of Life In Rural Economic Growth," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 83(2), pages 352-365.
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