Brownfields Remediation: Impact on Local Residential Property Tax Revenue
Karen A. Sullivan
Additional contact information
Karen A. Sullivan: US Environmental Protection Agency, Office of Land and Emergency Management, Office of Communications, Partnerships and Analysis, 1200 Pennsylvania Avenue, N.W., MC 5101IT, Washington, DC 20460, USA
Journal of Environmental Assessment Policy and Management (JEAPM), 2017, vol. 19, issue 03, 1-20
The US Environmental Protection Agency (EPA) Brownfields Program provides grants to assess and clean up brownfields. There are few studies that estimate tax revenue impacts from cleanup beyond those generated directly from within the remediated site’s property lines. This study estimates the increased residential property tax revenue attributable to brownfields cleanup at 48 sites remediated between 2004 and 2011 under the EPA Brownfields Cleanup Grants Program. Findings from a previous study of a 5% to 15.2% property value increase following cleanup at these sites are applied to the assessed values of nearby residential properties along with local tax laws, assessment ratios, and rates to estimate tax revenue gained as a result of brownfields cleanup. The estimated increase in residential property tax revenue for a single tax year from remediating 48 brownfields properties was between $29 million and $97 million (2014 USD).
Keywords: Brownfields; contaminated land; property values; remediation; tax revenue (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
Access to full text is restricted to subscribers.
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:wsi:jeapmx:v:19:y:2017:i:03:n:s1464333217500132
Ordering information: This journal article can be ordered from
Access Statistics for this article
Journal of Environmental Assessment Policy and Management (JEAPM) is currently edited by Thomas Fischer
More articles in Journal of Environmental Assessment Policy and Management (JEAPM) from World Scientific Publishing Co. Pte. Ltd.
Series data maintained by Tai Tone Lim ().