| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5055182 | Economic Modelling | 2012 | 9 Pages |
Abstract
⺠We investigate whether assessed values can be used instead of market values. ⺠We estimate a spatial SUR model with two hedonic equations. ⺠Properties located 725 m from a park are worth $450 less than those only 625 m away. ⺠Estimates of open space values differ for sales versus assessed property values. ⺠It is preferable to use actual rather than assessed values in hedonic price models.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Geerte Cotteleer, G. Cornelis van Kooten,