The Effect of Impact Fees on the Price of New Single-family Housing
The Effect of Impact Fees on the Price of New Single-family Housing
复制标题
影响费对新建单户住宅价格的影响
DOI:
10.1080/0042098042000214806
复制
发表时间:
2004
期刊:
影响因子:
4.7
通讯作者:
H. Blanco
中科院分区:
文献类型:
--
作者:
S. Mathur;P. Waddell;H. Blanco
This paper provides new evidence on the effects of impact fees on housing prices, using an inventory of single-family housing sale transactions in the 38 cities and towns within King County, Washington, for the period 1991-2000. Although the effect of impact fees on housing prices has been examined previously, earlier studies have been limited by methodological deficiencies. This paper examines the effect of impact fees on new housing and their differential effect on housing price based on the quality of housing, and finds that the effect of impact fees on the price of new housing is quite significant and elastic, raising new home prices by about 166 per cent of the amount of the fee. The increase is 358 per cent for the higher-quality homes and is statistically insignificant for the lower-quality homes.