This was the question asked in a recent article in The Observer. It suggested that ministers were examining proposals to ask residents to pay a tax that reflects the enhancement a nearby park brings to their house prices. Analysis by the Policy Exchange thinktank has indicated a link between green space quality and house prices and the suggestion is that those buying into a favourable green neighbourhood in future should pay a tax to support its upkeep. With parks budget being drastically cut, new sources of funding for maintenance are desperately needed. The Policy Exchange report Green Society: Policies to improve the UK’s green spaces introduces the idea of park improvement districts, which already exist in the US.
What do you think?