Graduate Thesis Or Dissertation

 

Factors affecting rural land value in the central coastal zone of Oregon Public Deposited

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https://ir.library.oregonstate.edu/concern/graduate_thesis_or_dissertations/k3569677j

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  • The physical characteristics and spatial location of land are hypothesized to be significant inputs to its valuation. This research evaluates the influence of locational, economic, and physical site variables on the assessed value of real property. Evaluation of such influences is based on a stratified systematic sample of land parcels in coastal Oregon. Data were collected on 52 variables representing the physical characteristics of the land, economic characteristics, and various spatial measures believed to influence value. Among variables available for analysis of land parcels are percent slope, land use, area, soil type, distance to the Pacific Ocean and distance to several classes to urban places. Based on a sample of 1078 land parcels, a linear regression equation is developed which explains 78 percent of the variation in the common logarithm of assessed land 4 value per acre. Seven variables are included in the equation and all are significant at the .001 level. The logarithm of the perimeter of a parcel is by far the dominant term as it accounts for nearly 65 percent of the variation in assessed value. The data are also analyzed by multivariate methods. The location of a parcel with regard to major Oregon urban centers is dominant among the eight dimensions derived by factor analysis. Factor scores from the eight uncorrelated components are regressed against the assessed value per acre with size of the parcel again accounting for the majority of the variance explained.
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