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Property values and tax rates near spent nuclear fuel storage

Kirstin Munro and George Tolley

Energy Policy, 2018, vol. 123, issue C, 433-442

Abstract: This paper examines potential property value impacts when a nuclear power plant closes and spent fuel remains on site. We confirm earlier research that fails to find an impact on property values of proximity to a nuclear power site. Another contribution of this paper is our finding that a one percentage point increase in property taxes is associated with a 4.31% decrease in the sale price of a home. These results provide evidence for a positive impact of operating nuclear facilities on surrounding communities in the form of reduced residential property taxes for a given level of public expenditures.

Keywords: Nuclear power; Spent nuclear fuel storage; Property taxes; Real estate values (search for similar items in EconPapers)
Date: 2018
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Handle: RePEc:eee:enepol:v:123:y:2018:i:c:p:433-442