Variable Names and Definitions
| Variable | Definition |
|---|---|
| Sale (yes = 1, no = 0) | Indicator variable equal to 1 if the property sold during the 2006–2010 period, and 0 otherwise |
| Sales price | Sales price in dollars of land being sold |
| Residential (yes = 1, no = 0) | Indicator variable equal to 1 if the property sold is zoned residential, and 0 otherwise |
| Commercial (yes = 1, no = 0) | Indicator variable equal to 1 if the property sold is zoned commercial, and 0 otherwise |
| Size of lot (square feet) | Size of lot in square feet |
| Buildable (yes = 1, no = 0) | Indicator variable equal to 1 if the property is large enough (over 5,000 sq ft) to build on, given current zoning policies |
| Distance from city center (miles) | Linear distance from a given parcel to the city center |
| Distance from border (miles) | Linear distance from a given parcel to the nearest adjacent city (excludes the Detroit River border) |
| Distance from Packard plant (feet) | Linear distance from a given parcel to the abandoned and toxic Packard plant |
| Sold in 2007 (yes = 1, no = 0) | Indicator variable equal to 1 if the parcel was sold in 2007, and 0 otherwise |
| Sold in 2008 (yes = 1, no = 0) | Indicator variable equal to 1 if the parcel was sold in 2008, and 0 otherwise |
| Sold in 2009 (yes = 1, no = 0) | Indicator variable equal to 1 if the parcel was sold in 2009, and 0 otherwise |
| Sold in 2010 (yes = 1, no = 0) | Indicator variable equal to 1 if the parcel was sold in 2010, and 0 otherwise |
| Effective tax rate | Tax payment divided by state equalized value of the property, which is half of estimated market value |