Skip to main content
Article
Analysis of the Effects of Contamination by a Creosote Plant on Property Values
Appraisal Journal (2005)
  • Douglas S. Bible
  • Chengho Hsieh
  • Gary Joiner
  • Chuo-Hsuan Lee
  • David W. Volentine
Abstract
This article examines how an environmental hazard affects home values. It uses a geographic information system to obtain the straight-line distance (in feet) from the nearest source of contamination to the homesite to measure how the pollution problem affects home values in terms of distance. In addition, this article examines how home values change before and after remediation efforts. The results confirm that homes closer to the problem area suffer a greater loss. Also, the revelation of a contamination problem decreases home values, while a cleanup of the contamination has the reverse effect.
Disciplines
Publication Date
Winter 2005
Citation Information
Douglas S. Bible, Chengho Hsieh, Gary Joiner, Chuo-Hsuan Lee, et al.. "Analysis of the Effects of Contamination by a Creosote Plant on Property Values" Appraisal Journal Vol. 73 Iss. 1 (2005)
Available at: http://works.bepress.com/chuo-hsuan_lee/12/