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About Illinois Valley news. (Cave City, Oregon) 1937-current | View Entire Issue (Aug. 15, 2007)
Page 14 Illinois Valley News, Cave Junction, OR Wednesday, August 15, 2007 BLACKBERRY FESTIVAL features Aug. 11 and 12 in Cave Junction included (from left) live entertainment, free I.V. Fire District address signs, and a dunk tank. (Photos by Dale Sandberg for I.V. News) Property values not reduced by land-use rules: OSU A new analysis of land values in Oregon finds no evidence that the state’s land-use regulations have caused a generalized reduc- tion in property values. The study was pub- lished by Oregon State Uni- versity at Corvallis econo- mists William Jaeger and Andrew Plantinga. It exam- ines the ways in which land- use regulations and Ore- gon’s land-use planning system may affect property values. “Despite the widespread belief that most land-use regulations have negative effects on property values,” Jaeger said, “economic rea- soning suggests that the op- posite may be true.” The economists explain that land-use regulations, in general, can have three po- tential effects on land val- ues: restriction effects, amenity effects and scarcity effects. The effect of re- stricting development likely will be negative, but the effects of scarcity and the amenities associated with regulated development can have a positive effect, poten- tially offsetting the negative restriction effect. Jaeger and Plantinga examined the levels and trends of land values in parts of Oregon during the past 40 years, beginning before Ore- gon's land-use planning sys- tem was in place. They compared land value pat- terns for restricted and de- velopable lands, and com- pared patterns in Oregon with patterns for similar areas in Washington state, where land-use planning has Water Wells Pump Sales Installation Service 592-6777 1470 Caves Highway Licensed • Bonded • Insured Locally owned and operated in the valley for over 25 years. WWC #1504 • CCB #152266 • CPl #7-113 Member Oregon Ground Water Assoc. 30 years experience in water, sewer & pipeline construction, brush clearing, septic installation & utility line trenching Spe c ia lizing in a lt e rna t ive se pt ic syst e m s only recently been enforced. The researchers found: *Land values (adjusted for inflation) have generally risen since the introduction of Oregon’s land-use plan- ning system in 1973, both for rural lands zoned for farm and forest use and for developable lands inside and outside of urban growth boundaries. *Since 1973, when Ore- gon's land-use planning sys- tem was adopted, the rate of change in land values in Oregon has been about the same as for similar lands in Washington. *Lands with the most stringent development limits (such as those with exclu- sive farm or forest use zon- ing) have increased in value at about the same rate as lands without such restric- tions. In the Lane County sample, the value of lands outside the Eugene urban- growth boundary (UGB) grew slightly faster than properties inside the UGB. *There is no evidence of slower rates of increase overall for the Oregon land studied compared to land in the Washington counties studied. “Our results are consis- tent with the design of Ore- gon's land-use planning sys- tem and with economic principles,” Plantinga said. “Oregon’s land-use plan- ning system is not intended to limit the amount of devel- opment that occurs,” he said, “but rather it is in- tended to influence the loca- tion of development in ways that are consistent with vari- ous land-use planning goals. “Sprawl or scattered development can raise costs for public services and infra- structure and produce ad- verse effects when incom- patible land uses (e.g., farm- ing and residential) are mixed” he added. In addition, government programs such as Oregon’s special tax assessments for farmlands are likely to be “capitalized” into land prices, raising them by as much as 14 percent on aver- age. These findings are con- sistent with results from other economic studies that have found often-substantial positive amenity and scar- city effects that can offset some or all of the negative restriction effects associated with land-use regulations, the researchers said. Concrete Remodel New Construction 592-4753 CCB 174891 CLEAN AIR & QUIET On 5 level acres with Elk Creek frontage & mountain views in O’Brien, just 2 miles from CA/OR border. Close to rivers & the ocean. Beautifully customized, 2,000+ sq. ft., 3- bd/2-ba, mfg home on permanent foundation. Has kitchen w/island, dining area, formal dining rm., master suite w/sitting area & jetted garden tub. 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