Which of the following does NOT influence property value?

The choice that does not influence property value is social demeanor. While social factors can play a role in the overall perception of an area or community, they are less quantifiable and less directly influential on property values compared to the other factors listed.

Governmental action can significantly impact property value through zoning laws, taxes, and regulations. For example, the introduction of new zoning laws can either enhance or diminish a property's desirability and thus its market value. The physical environment, such as location, land quality, and proximity to amenities, also plays a critical role in determining property value; for instance, properties in desirable geographic locations or with appealing landscapes typically command higher prices.

Economic factors are fundamental as well, including the overall health of the economy, interest rates, and job market conditions, which can influence buyers’ ability and willingness to purchase property. As the economy improves and people have more disposable income, property values often rise.

In contrast, social demeanor, while it may reflect community satisfaction or issues, does not have the same direct impact on the tangible aspects of property value.