Community Partner

Dennis Yee, Metro

First Advisor

David Ervin

Date of Award

2013

Document Type

Project

Degree Name

Master of Environmental Management (MEM)

Department

Environmental Science and Management

Language

English

Subjects

Real property -- Valuation -- Oregon -- Yamhill County, Hedonic pricing, Rural and use -- Oregon -- Yamhill County -- Planning

DOI

10.15760/mem.14

Abstract

Hedonic modeling is commonly used in land and property value estimations in an attempt to identify the impact that various attributes have on the market value of that property. The purpose of this study is to examine the factors contributing to land value of agricultural, forest, and residential properties in Yamhill County, as part of the Spatial Ecosystem Services Analysis, Modeling, and Evaluation (SESAME, http://www.pdx.edu/ecosystem-services/) project. This paper discusses the process and preliminary results of the development of hedonic models that will be utilized for predicting land value changes under future land conversion scenarios. Applying the models to future scenarios will provide insight into the effect that land conversion will have on market value of land in Yamhill County, in order to elucidate one component of the total land value in the area. Numerous studies have performed hedonic modeling in order to provide greater understanding of the non-market ecosystem service values that are contributing to land values, and it is necessary to have baseline information on the value of environmental attributes in order to identify potential policy and planning activities that can preserve these values. Current methods for assessing the value of non-market ecosystem services are mostly in development stages, with few widely-accepted approaches. Utilizing hedonic modeling and other revealed preference techniques may provide valuable insight into the contribution of nonmarket goods and services, in order to ensure they are adequately accounted for in planning and management decisions.

Rights

In Copyright. URI: http://rightsstatements.org/vocab/InC/1.0/ This Item is protected by copyright and/or related rights. You are free to use this Item in any way that is permitted by the copyright and related rights legislation that applies to your use. For other uses you need to obtain permission from the rights-holder(s).

Comments

This research was partially supported by the US National Science Foundation under grant No. 1026629.

A project report submitted in partial fulfillment of the requirements for the degree of Master of Environmental Management.

Persistent Identifier

http://archives.pdx.edu/ds/psu/15760

COinS