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Quantifying The Impact Of Remapping Floodplains On Residential Property Values In Snohomish County, Washington: A Hedonic Approach, Carson Joseph Risner

All Master's Theses

Flood events are the most common and costly natural disasters. The Federal Emergency Management Agency (FEMA) quantifies flood risks in the form of Flood Insurance Rate Maps (FIRMS). These FIRMS delineate flood risks and are used to set flood insurance premiums. Changes in land use, the augmentation of the natural environment, is threatening the validity of the Nation’s FIRMS. Therefore, Congress has approved remapping programs to update these FIRMs ensuring that current flood risks are known. This remapping presents another issue, specifically for properties that are remapped into a flood zone. Current literature suggests that properties within flood zones are …