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property values

Distance from parks and trails is known to influence residential property values. Nationwide research shows that the premium for proximity to these spaces can affect market values up to 2,000 feet by 20 percent or more.

# of Homes Within 500 feet of park

X

Average Sales Price

Total Market Value

X

Proximity Effect %

Incremental Market Value

X

Millage/Community Tax Rate

Increased Value of Nearby Homes

Based on the Proximity Effect

Incremental Property Tax Value Increase

Property Values

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