du.sePublications
Change search
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf
Using Spatial Regression to Estimate Property Tax Discounts from Proximity to Brownfields: A Tool for Local Policy-Making
Dalarna University, School of Technology and Business Studies, Human Geography.
University of Cincinnati, School of Planning.
2013 (English)In: Journal of Environmental Assessment Policy and Management, ISSN 1464-3332, Vol. 15, no 1Article in journal (Refereed) Published
Abstract [en]

This paper assesses the discount in property values due to proximity to brownfields using a spatial hedonic price model. Using two Bayesian hedonic pricing models, namely the spatial lag of X (SLX) model and the spatial Durbin error model (SDEM), this study identifies a significant decrease in property values for properties located within 2,000 feet of a brownfield. The loss in property value and the subsequent decrease in tax revenue for the City of Cincinnati, Ohio, are then calculated based on these results. Using logarithmic transformations of the property value and the distance to the nearest brownfield variables, we calculate that a 1% increase in the average distance to the closest brownfield leads to a 0.0893% increase in market value. This translates into a $2,262,569 total annual revenue loss for the City of Cincinnati that could presumably be recovered following brownfield cleanup. In addition to accounting for the phenomenon of spatial dependence, this study contributes to the urban planning and environmental policy literature by providing a method for local policy-makers to identify and estimate the negative effects of brownfield sites on local tax revenue.

Place, publisher, year, edition, pages
World Scientific, 2013. Vol. 15, no 1
Keyword [en]
spatial hedonic model, brownfield site, property value, tax revenue
National Category
Probability Theory and Statistics Environmental Management
Research subject
Komplexa system - mikrodataanalys
Identifiers
URN: urn:nbn:se:du-11755DOI: 10.1142/S1464333213500087OAI: oai:DiVA.org:du-11755DiVA: diva2:600621
Available from: 2013-01-25 Created: 2013-01-25 Last updated: 2014-10-01Bibliographically approved

Open Access in DiVA

No full text

Other links

Publisher's full text

Search in DiVA

By author/editor
Mihaescu, Oana
By organisation
Human Geography
In the same journal
Journal of Environmental Assessment Policy and Management
Probability Theory and StatisticsEnvironmental Management

Search outside of DiVA

GoogleGoogle Scholar

Altmetric score

Total: 632 hits
CiteExportLink to record
Permanent link

Direct link
Cite
Citation style
  • apa
  • ieee
  • modern-language-association-8th-edition
  • vancouver
  • chicago-author-date
  • chicago-note-bibliography
  • Other style
More styles
Language
  • de-DE
  • en-GB
  • en-US
  • fi-FI
  • nn-NO
  • nn-NB
  • sv-SE
  • Other locale
More languages
Output format
  • html
  • text
  • asciidoc
  • rtf