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Public Policy

1993

Real property -- Valuation

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Full-Text Articles in Urban Studies and Planning

Determining The Property Value Impact Of Landfills, Okwuchukwu Gerald Uba Nov 1993

Determining The Property Value Impact Of Landfills, Okwuchukwu Gerald Uba

Dissertations and Theses

The decline in property value can be due to owner's act or exogenous act from the operation of landfills. Landfill neighbors, especially home owners, perceive landfill operation to pose environmental safety problem such as ground water contamination and methane gas leakage that could affect home value.

Owners of landfills, especially those landfills that accept only dry waste (limited purpose landfill), claim that since their facilities meet the requirements of environmental regulations and the type of waste they accept could not possibly produce methane gas and leachate there is no property value impact of their facilities.

Several studies have shown that …