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Property values and tax rates near spent nuclear fuel storage

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  • Munro, Kirstin
  • Tolley, George

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.

Suggested Citation

  • Munro, Kirstin & Tolley, George, 2018. "Property values and tax rates near spent nuclear fuel storage," Energy Policy, Elsevier, vol. 123(C), pages 433-442.
    • Handle: RePEc:eee:enepol:v:123:y:2018:i:c:p:433-442
    DOI: 10.1016/j.enpol.2018.08.035
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    Cited by:

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