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A New York University study examined the effect of community gardens on nearby property values. The study of 636 NYC community gardens shows a statistically significant and increasing over time, positive effect on sales prices of residential properties within a 1000 foot radius of a community garden when compared to properties outside the 1000 foot ring but still with in the same neighborhood. The net tax benefit over a 20 year period to the city is estimated at 647 million dollars or $1 million per garden.