Buses can increase property values

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Buses can increase property values, so says this article in SFGate The Google Effect: How the company's shuttle line affects San Francisco real estate

Apparently Googlers will pay a premium to live in San Francisco and elsewhere near the Google Transit system. Will these rent price increases be capitalized in land is an outstanding question. (Anyone with Bay Area data want to run a Hedonic model?)

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Being located close to a transit station can reduce residential property values very close to a transit station or rail.This is because of noise and air pollution from trains, and increased automobile traffic from users.

As income increases, the threshold percentage increases, the share of tax over the threshold that the taxpayer must pay increases, and the maximum refund decreases. The renter’s property tax refund program uses household income, a broad measure that includes most types of income.

David Levinson

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This page contains a single entry by David Levinson published on July 25, 2008 3:06 PM.

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