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Which statement about parks and recreation's effect on property values is true?

Increases property values

Proximity to parks and recreational spaces tends to raise property values. Parks add aesthetic appeal, green space, and opportunities for outdoor activities, which improves quality of life and makes a neighborhood more desirable. Buyers and renters are often willing to pay more for homes near well-maintained parks, leading to higher sale prices and rents. While there can be some concerns like noise or crowds, the overall pattern is upward pressure on property values due to the amenities and lifestyle benefits parks provide. The other statements don’t fit because parks are generally not associated with lower values, a complete lack of effect, or automatic tax reductions—the link that’s observed is the positive impact on property values.

Decreases property values

No effect on property values

Decreases taxes

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