We focus on the urban amenities of “neighborhood institutions,” which are the myriad localized governments and nonprofits, such as religious and educational institutions, that provide public or quasi-public services to their neighborhoods. We examine whether neighborhood institutions positively impact their surrounding neighborhoods by utilizing property tax exemption records from the City of Milwaukee, Wisconsin, during 2002–2016. We combine these records with parcel-level data on residential home sales to identify each institution’s exact location and type. Using a traditional hedonic model and a repeat sales model, we examine the influence of nearby tax-exempt properties on residential home sales. We find from the repeat sales model that close proximity (0 m–250 m) to educational properties, labor halls, and utilities are associated with lower home sale prices, all else equal. We find a sporadic and limited positive correlation with nearby colleges and cemeteries and home sale prices.

我们关注“邻里机构”的城市便利设施，这是无数的地方政府和非营利组织，例如宗教和教育机构，为附近地区提供公共或准公共服务。我们使用2002-2016年间来自威斯康星州密尔沃基市的财产免税记录，研究了社区机构是否对周围社区产生了积极影响。我们将这些记录与有关住宅房屋销售的包裹级数据结合起来，以识别每个机构的确切位置和类型。使用传统享乐模型和重复销售模型，我们研究了附近的免税物业对住宅销售的影响。我们从重复销售模型中发现，与教育物业，劳动大厅，所有其他条件相同，公用事业与较低的房屋销售价格相关。我们发现与附近的大学，公墓和房屋售价之间存在零星的正相关关系。