Assessment Journal


Pamela J. Brown


Open space preservation, Natural resources - Valuation


Public interest value includes the qualities and features of a property that are valued by the public at large, but are not included in the traditional market value because they are non-economic and not bought and sold as goods or property. A model is presented for qualitatively rating general open space values held by a community, applying those values to a particular parcel f conservation land, and expressing the result as a value that supplements the base (economic) value. The result is a set of quantitative and qualitative measures that can guide the community in negotiating the terms of disposition of conservation land and the cost of replacing both the real estate and the public values of the conservation lands that are lost.


A version of this paper was originally published as a working paper by the Lincoln Institute of Land Policy

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