Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Policy, politics and public management-A look at the impacts of judiciary on real estate - Essay Example

Comments (0) Cite this document
The strong economy in New Jersey has spurred development of real estate. The annual increase in the real estate due to new growth is based on the amount of new development and other growth in the tax base that is not the result of revaluation or normal market-based appreciation…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER91.2% of users find it useful
Policy, politics and public management-A look at the impacts of judiciary on real estate
Read TextPreview

Extract of sample "Policy, politics and public management-A look at the impacts of judiciary on real estate"

Policy, politics and public management-A look at the impacts of judiciary on real e The strong economy in New Jersey has spurred development of real estate. The annual increase in the real estate due to new growth is based on the amount of new development and other growth in the tax base that is not the result of revaluation or normal market-based appreciation. This includes: new residential or commercial development, condominium conversion, or improvements to existing properties. The effect of new growth on a community's ability to raise revenue through the property tax can be measured by percentage of the total levy limit (over rides), net of temporary debt and capital exclusions. In the current analysis, residential and open space property in New Jersey classes are grouped together as residential, and commercial, industrial and personal property classes are grouped together as commercial. Statewide, residential new growth accounted for 53 percent of new growth; commercial accounted for 47 percent. These ratios were fairly consistent over the three years. An annual update policy is not appropriate or even possible, in every community. For example, a city or large town with a full-time assessing staff is clearly better equipped and more able to keep assessments up-to-date than a smaller community with a part-time assessment presence. The many technological advances in the tools available to assessors, however, make an annual update policy more attainable in many communities. A number of cities and towns have invested in geographic information systems (GIS) that can quickly bring complex real estate market trends into sharp focus. Powerful PC database and analysis tools have significantly reduced the effort required to perform assessment ratio studies and other analyses necessary to evaluate assessment levels and determine appropriate trending factors.
Does a governmental agency's denial of a development permit constitute a "taking" of real property The Supreme Judicial Court recently answered this question in the negative and rejected a property owner's argument that denial of the permit, through governmental regulation restricting land use, was tantamount to an eminent domain taking under the state and federal Constitutions. The Court did not find any regulatory
taking in the case of Daddario v. Cape Cod Commission, 425 Mass. 411 (1997). In 1964, the plaintiff acquired a 70 acre parcel which was located in an agricultural zoning district in Falmouth. The Falmouth zoning by-laws allow earth removal in an agricultural zoning district by special permit. In 1994, the plaintiff applied to the Falmouth Zoning Board of Appeals (ZBA) for a special permit to extract sand and gravel on 32 acres of his land. Due to the development's potential regional impact, the ZBA referred the matter to the Cape Cod Commission (Commission). The Commission was established under Chapter 716 of the Acts of 1989 to coordinate regional planning and land use development on Cape Cod. According to its written regional policy plan, the Commission seeks to balance economic development and the conservation of natural resources. It reviews
any proposed development to determine conformity with the regional plan. The Commission will approve a proposed development if the project's benefits outweigh any detrimental impact, and if the project satisfies the regional policy plan and municipal development by-laws. If a project is disapproved by the Commission, an aggrieved party may appeal to the Superior Court or Land Court. The Division of Local Services administers the program in consultation with the Department of Environmental Protection. Communities receiving funds after sewer rates have been set must
certify that the aid distributed from the Fund has been, or will be, applied to the reduction of sewer. alternatives. The market in New Jersey would be relied on to generate standards-setting institutions and land use regulation would depend on voluntary contracting by real property owners and developers. Moreover, provided that there is a rule of law and strict enforcement of contracts, restrictive covenants would serve to alleviate negative externalities. The benefits of the price system would also bolster resource allocation. The development of markets for trading real property risk - i.e., buying and selling restrictions on real property - would make allodial policy flexible. Restrictions could be eliminated simply by purchasing the rights that create them,
and vice-versa, with the value of restrictive covenants will being internalized in the price of the land.
Asabere, Paul K., and Huffman, Forrest E. (1997), "Hierarchical Zoning, Incompatible Uses and Price Discounts", Real Estate Economics, vol. 25, no. 3, Fall, pp. 439-51.
Asabere, Paul K., and Huffman, Forrest E. (1991), "Zoning and Industrial Land Values: The Case of Philadelphia", American Real Estate and Urban Economics Association Journal, vol. 19, no. 2, Summer, pp. 154-60.
Ault, Richard W. and Ekelund, Robert B., Jr. (1988), "Rent Seeking in a Static Model of
Zoning", American Real Estate and Urban Economics Association Journal, vol. 16, no. 1,
Spring, pp. 69-76.
Becker, Gary (1983), "A Theory of Competition Among Pressure Groups for Political Influence", Quarterly Journal of Economics, Vol. 98, No. 3, pp. 371-400.
Benson, Bruce L. (1990), The Enterprise of Law: Justice Without the State, Pacific Research Institute: San Francisco. Read More
Cite this document
  • APA
  • MLA
(“Policy, politics and public management-A look at the impacts of Essay”, n.d.)
Policy, politics and public management-A look at the impacts of Essay. Retrieved from
(Policy, Politics and Public Management-A Look at the Impacts of Essay)
Policy, Politics and Public Management-A Look at the Impacts of Essay.
“Policy, Politics and Public Management-A Look at the Impacts of Essay”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Policy, politics and public management-A look at the impacts of judiciary on real estate

Politics - public policy

...?The American public attention is never focus on a particular issue for a long time no matter how important. Public attitude and behavior concerning key domestic issues is influence by “issue-attention cycle”. For instance, the present interest by Americans on improving the quality of our environment is represents a good example as a case study of the “issue-attention cycle”. The nature of certain domestic problems and the interaction of the communication media with the people influence the public perception of crises and this form the foundation of the issue-attention cycle. The cycle has five stages First the stage where the issue is yet to attract public attention though it may be significant, second, the stage where the public becomes...
12 Pages(3000 words)Outline

Real Estate

...? Differentiation Factors Between Industrial and Non-Industrial Real-E Thorough Focus on the Case of Kuwait Table of Contents I. Introduction 3II. Industrial vs. Non-Industrial Real Estate, Focus on Kuwait 5 III. Conclusion: Industrial versus Non-Industrial Land Use, Prospects in Kuwait 10 Works Cited 12 I. Introduction This paper presents a discussion on the differentiation factors between industrial real estate on the one hand and non-industrial real estate on the other, with an intense and thorough look at the case of the Kuwaiti real estate sector. The Kuwaiti real estate sector is seen as exhibiting a trend towards sustained growth from the low that it experienced together with other countries in the Gulf Cooperation Council or GCC...
10 Pages(2500 words)Research Paper

Tesco's Strategic Real Estate Management

... towards the fact that the company is not there for short term gains. Policies of such companies, in general, always happen to be friendly to different sets of stakeholders. Acquiring real estate is one good indication towards the strategic focus of the company. Tesco's policies have been to acquire the real estate with an eye on long term perspective. Continuously monitoring the environment and following the leaders has become key to a successful business. Continuously studying the different aspects of environment (social, political, legal, technological etc.) and taking corrective and adaptive steps accordingly helps in growing of an organisation. Tesco started computerised checkout counters as early as 1982 and this stride continued...
14 Pages(3500 words)Case Study

Policy, Politics And Public Management

...Policy, Politics And Public Management-A Look At The Impacts Of INTEREST GROUPS On Real E Cutting edge technology, strong workforce and good quality of living standards---these are just a few factors why New Jersey has long been known as one of the nest locations for businesses. From agriculture to information technology, New Jersey is viewed by many business professionals as a major driving force in the country's economy and as an ideal location for different kinds of businesses. Indeed, real estate is no exception. For the past few years, the state's population continues to grow as more and more immigrants choose New Jersey as a favorable place to live. It takes pride in its good climate, good housing and highly competitive institutions...
2 Pages(500 words)Essay

Real Estate

... in the last few years has highly increased the per capita GDP to a record high of US$28,147 in the year 2005 as compared with US$24,380 the year before (Marcus & Howard p 78). When Gulf Cooperation Council (GCC) countries are analyzed it can be said that that after Qatar, UAE has the highest per capita GDP. After looking forward, we anticipate economic growth to stay the same for both years 2006 as well as 2007. GDP is expected to grow by a good 14% for the year 2006 to reach AED553.4bn, whereas in real terms the economy is expected to achieve approximately 9.7%. Of a high growth rate UAE Real Estate: The UAE's property market sector wholly contributed to 7.4 percent of the country's GDP in 2005. That year, in 2005 it experienced...
8 Pages(2000 words)Essay

Policy, politics and public management-A look at the impacts of ethics in public policy on real estate

The Impact of Interest Groups on the New Jersey Real E Market The impact of interest groups on the New Jersey real e market is a complex infrastructure of reforming ideas and practical facilitation of low income housing demands. Special interest groups have a wide array of focus that takes many different social issues into consideration. In the state of New Jersey there is a Division on Civil Rights that is a part of the State Attorney General’s Office. The Division on Civil Rights, a government endorsed, special interest group, has been instrumental in establishing equal housing opportunities for all residents of New Jersey. The Attorney General Office’s Division on Civil Rights was responsible for the introduction, promotion...
2 Pages(500 words)Essay

Real Estate

Introduction: Owning a home is the dream of every person and this is one of the first aims once he or she is settled in a comfortable job. The personor couple would live initially in a rented apartment and maybe purchase all the furniture which they plan to use in their new home. Once this stage is over, the next step would be to find an agent or local builder and scout for suitable homes. The price of a home is usually calculated based on the cost per square feet that is prevalent in the area. This paper is an attempt at estimating the cost of my residence based on cost per square foot that currently exists in Charlotte, North Carolina. This exercise has two aims. One is to see whether my house will fetch a goof price in the mark...
2 Pages(500 words)Essay

Real Estate

... impact on the economy of the country. It was during this period that different kinds of policies and loans were introduced by banks and estate companies. All other industries that were somehow associated and linked with the real estate market also grew stronger (Hersh, 2002). But soon with the start of the new millennium the situation started to reverse and the market started to face a downfall. The financial institutions started to withdraw the money and the gross percent money assets diminished rapidly and within single year it decreased to an extremely low value (New York University, 1971). The subprime credit was completely eliminated from the market and the interest rates greatly increased and rates for all types of loans also...
2 Pages(500 words)Essay

Real estate

... Ways That Real Property Is Transferred and the Procedures for Doing So Real e refers to land, buildings, houses andany other developments that may be connected to real property (Abts, 2002). Real estate is also known as real property, immovable property or realty. Legal ownership of real property rests with the owner of the legal documents of ownership such as the title deeds. Transferring property from one person to the other involves transferring the documents of ownership to the new owner (Abts, 2002). There are several rights of ownership that are recognized by law as far as real estate is concerned. The various types of estates are basically determined from the type of language used in the ownership documents such as the deeds...
2 Pages(500 words)Essay

Public Relations and School Administration: The Jena Six Story

The infamous Juvenile Correctional Centre for Youth is located in Jena, with the institution closing after merely 2 years of its opening. The closing of the institution was owed to prevalent brutality and racism. One of the scandals they were involved in was the choking of black juveniles during a meeting with a lawyer. The guards also paid inmates for them to wrestle and fight with each other for their entertainment and also laughed at teenagers who are trying to commit suicide inside the jails (Witt, 2007).
At one time, district boundaries lines had been drawn to establish or maintain white-non white separation. It was in the last 20 or so years that nonwhites had begun to move into several areas; Jena for one, previously p...
11 Pages(2750 words)Term Paper

Implementing Schedule of Time Management

...Running head: PHASE 5 INDIVIDUAL PROJECT PHASE 5: Individual Project Affiliation October 2008 How often have you heard it said that planning is waste of time? No sooner is the plan completed than someone comes along to change it. These same naysayers would also argue that the plan, once completed is disregarded and merely put on the shelf so the team can get down to doing some real work. To people management, we mean the planning activity that involves deciding on the types of people in form of resources that are required to fulfill the requirements of the project. In other words the types of skills and number of workers we need to complete the project (kwysocki, 1997). Whenever we talk about the methods involved in the project management...
6 Pages(1500 words)Coursework

Change Management

In light of these, management must go out of their way to deal with organizational resistance to change because even the most carefully laid out or well-intentioned changes can still meet resistance. Subsequently, an organization’s ability to gain benefits from their change efforts is largely affected by their ability to create environments that encourage support and acceptance from other members of the organization. (Coetsee, 2003)
Some authors assert that resistance to change may be defined as behavior that human beings depict when they are attempting to protect themselves from the effects of change; these effects may be real or they may be imagined depending on the situation under consideration. Others believe that r...
10 Pages(2500 words)Coursework

The Extent to Which Unemployment Is a Microeconomic As Opposed To a Macroeconomic Problem

Unemployment is not a straight subject as this is beset with various microeconomic problems of wages, skill, training, hours of work, welfare and myriad of employment dynamics. Therefore, labour economics deals with all these aspects to look into the details and finds a solution (Sundram and Vaish, 1992).

Unemployment is an important measure of the strength of the economy. A high unemployment rate generally indicates an economy in recession with few job opportunities, while a low unemployment rate points to an economy running at or near full throttle (Investor Glossary 2009).

The principal aim of a government is to reduce the rate of unemployment in the economy by framing correct policies, encouraging the gro...
6 Pages(1500 words)Assignment

A Hydrograph of River Cynon and Design of an Open Channel

... + 5.875) may be expected from River Cynon due to moderate rainfall. Hence, using water from this river will serve dual purposes of additional public water supply and safeguard against flooding. As indicated in the project assignment brief, a pump may be used to pump out water from the river and to convey water to an open channel which will feed water to a storage reservoir. 3.0 Design of Open Channel and Pump Power Requirement 3.1 Design criteria and assumptions 3.1.1. A 250-mm diameter pipe and the 200-mm diameter pipe will be used to convey water from the river to the pump and from the pump to the open channel. Galvanised steel pipes will be used. Pipes of galvanised steel have a maximum roughness coefficient of 0.017 (Forrester, 2001...
9 Pages(2250 words)Report

The Birth of a Nation by D.W. Griffith

The film begins during the prewar times. The American civil war has not yet begun. The film turns its focus on two families, the Stonemans and the Camerons. The Stonemans are from the north. Their family consists of Congressman Austin Stoneman, who is an Abolitionist, his two sons, and Elsie, his only daughter. The Camerons are a family from the South. This family consists of three boys, of which Ben is the most important one, as he plays a very important part in the film, and there are two girls, Margaret and flora (Griffith).
One day, both Stoneman boys go down to visit the Cameron’s at their home in South Carolina. Quite a bit happens during this visit. The older Stoneman son and Margaret Cameron fall in love. Follow...
6 Pages(1500 words)Movie Review

Real Cost of Capital

Also, other academics criticize the models' failure to incorporate other determinants of risks such as firm size, book-to-market ratio, etc. then the plain correlation of the risk of the assets to the market. Despite these criticisms, many practitioners in the corporate world still use CAPM for capital budgeting. These issues are probed in this paper.
CAPM or the capital asset pricing model has been a tool in modern finance that has been extensively used for capital budgeting. The capital asset pricing model is useful in estimating the required return on an equity stock of a company (Perold 2004). Under the principle of finance that rational investors will require higher returns to compensate them when they undertake projects...
8 Pages(2000 words)Assignment

Christ Is a Symbol of Self

We shall have a firm assessment throughout the paper that if Christ is a symbol of self, the other stance of the ‘self as the symbol Christ’ is equally true for both hold one and the same truth: that we are part of God and God, a part of us. We shall rather investigate how the truth about the proximity and oneness of God and humans can be justified using this one stance of Christian theology.
A symbol, understood abstractly, refers to anything more than the obvious, the existence of which can be deciphered not through intellect but through insight and a universal spiritual cognizance. Christ, as we understand, is based on our literal intellectual readings, but the question of symbol enquires thus: Is Christ only w...
7 Pages(1750 words)Assignment

People, Organisations and Management

Organizations and their management styles have evolved to a great extent in the service and manufacturing industry over the last century, and so have been the concepts of management and its functions. These evolutions can be traced to significant developments brought about by the industrial revolution, scientific management principles such as Taylorism and Fordism, transition of feudalistic to capitalistic approach and others in different sectors of manufacturing industries. However, the beginning of the industrial revolution was characterized by a rigid hierarchical bureaucratic way of organizing business enterprises, a style prevalent even today but only in military service organizations. Nevertheless, the manufacturing and busi...
8 Pages(2000 words)Assignment

Bernard Madoff : A Scapegoat of the Economic Crisis

Darwin was condemned and treated with contempt by the Church for proposing the theory of evolution that linked all living matter in the earth, including humans. In the case of Bertrand Russell, he was imprisoned as a conscientious objector, for expressing his opposition to British participation in the First World War. These are typical examples of people being wrongfully punished when they were guilty of no crime or fraud or misdoing. It would be highly improper to associate Bernard Madoff with the aforementioned luminaries, for he was truly guilty of carrying out the biggest financial fraud in modern history. At the same time, it would be simplistic to classify him as a victim of the contemporary judicial system. The truth, in fa...
6 Pages(1500 words)Assignment

Real Estate Transactions: Residential Real Estate

...Real Estate Transactions: Residential Real Estate Introduction For a preponderance of individuals, capitalizing in residential property is a measure whose benefits can only be regarded as a long term initiative. However, this perception, limited as it may be, is predicted to take a back seat in the situation whereby a property bubble bust does occur in Australia. A real estate bubble is the situation whereby properties, in this case Australia, are valued much higher than their actual worth. This circumstance does, at regular intervals, impact both local and consequently global markets. However, this unfortunate contingency aside, residential property has a distinctive feature that is responsible for differentiating it from other avenues...
10 Pages(2500 words)Dissertation
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Essay on topic Policy, politics and public management-A look at the impacts of judiciary on real estate for FREE!

Contact Us