

@mastersthesis {6372,
	title = {Financial dimensions of local lake management: {A} case study of the {Yahara} watershed lakes},
	year = {1991},
	note = {9209250},
	school = {The University of Wisconsin - Madison},
	type = {phdPh.{D}.},
	address = {Ann Arbor},
	abstract = {This dissertation is designed to evaluate the policy of using the general property tax to finance water resource management programs. As an application of the benefits principle of taxation, the property tax is a valid option for financing water resource management when the management program leads to an increase in property values. Within this context, the underlying assumption of the public policy and the basis of the research hypothesis is that there is a positive relationship between lake amenities and property values. The major objectives of the research are to develop a methodology to test the validity of the property tax and special assessment as financing options for local lake management, to identify the properties benefiting from lake resources, and to measure the proportion of property value attributed to lake resources. Using the Yahara watershed as a case study, and limiting the scope of analysis to all owner-occupied single family housing units that were sold between 1987 and 1989 and that were located within the Greater Madison Metropolitan Area, two hedonic models were developed to achieve the above objectives. A general interpretation of the research findings shows evidence of strong positive association between Lake amenities and housing values. When measuring the effects of lake amenities on housing values, the following results are found for non-lakefront housing units: 0.3\% of the total price of each house located between 100 and 200 feet from the lake is attributed to lake resources; the percentage is 0.2\% for houses located between 200 and 300 feet; and 0.1\% for houses located between 400 and 1200 feet from the lake. To translate these percentages into dollar amounts, for three \$100,000 houses located within each of these locations the values added to these houses are {\textbackslash}\$300, \$200, and {\textbackslash}\$100 respectively. Based on the distance variable, the value added to lakefront houses is 0.5\% of the total value of the house. However, based on the lakefront footage of the house, the house value increases by \$6,566 as its lakefront footage increases by one percent.},
	keywords = {0366:Geography, 0999:Area planning \& development, 0999:Urban planning, Area planning \& development, Geography, Property values, Social sciences, Urban planning, Wisconsin},
	url = {http://search.proquest.com/docview/303928128?accountid=14270},
	author = {Tealeb, Hamdy Ahmed}
}
