Three of Greenfield Advisors’ staff are proud to be nominees for the International Association of Assessing Officers’ (IAAO) Bernard L. Barnard Outstanding Technical Essay Award.

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This award, named in honor of Dr. Barnard, past Director of Research for the IAAO, is presented to the best article or essay on technical innovations in assessment or property tax administration. We were nominated for our article, “Do survey results systematically differ from hedonic regression results? Evidence from a residential property meta-analysis,” published in the Journal of Real Estate Literature (Volume 21, Number 2, 2013).

It’s an honor to be nominated for such a prestigious award in our industry. We’re looking forward to the awards luncheon on August 25 in Sacramento, California. The article represents hours and hours of hard work by the authors. I’m personally proud to be the lead author on the paper with significant assistance by co-authors Abigail Mooney and Dr. John A. Kilpatrick.

Here is the paper’s abstract:

In this paper, we evaluate the effect of environmental contamination situations on residential property values. Using the meta-analysis technique, conclusions are drawn about the effect of location, type of study conducted, empirical technique used, and economic conditions on various outcomes. Using observations extracted from 40 peer-reviewed articles, meta-regression analysis is used to identify the factors that explain variation in marginal willingness to pay for environmental amenities and disamenities as a percentage of the average unimpaired value of local residential properties. Our findings suggest that relatively similar property value diminution conclusions are obtained regardless of the methodological approach employed. Additionally, we find no evidence of ‘‘publication bias’’ in our results.

We’re excited to be nominated for the Barnard Award. Please keep an eye out for follow-up after the August 25 luncheon.

Photo of the Sacramento Skyline by J.smith, CC BY-SA 3.0 via Wikimedia Commons.