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Abstract: Retirement Communities are a housing option for those seniors across the United States. Municipalities, eager for additional property tax revenue without the expense of providing public education to school age children, have encouraged the development of these communities. This thesis examines fiscal policy impacts on education and residential home sale between 2006 and 2009 in Barnegat ... read moreTownship and Jackson Township New Jersey. Using a multivariate regression model to explain the relationship between property sale price, standardized test score results, residential property type (age-restricted versus non-restricted), this study finds that there is a statistically significant increase in overall residential property sale prices as more homes in retirement communities are sold, however as the number of age-restricted housing units sold increases, standardized test score results decrease. This study is important for municipal official interested in creating age-restricted housing zones as this housing type could have significant implications for community desirability.
Thesis (M.A.)--Tufts University, 2017.
Submitted to the Dept. of Urban and Environmental Policy and Planning.
Advisor: Justin Hollander.
Committee: James Jennings.
Keyword: Urban planning.read less
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