The Effects of Landfills on Rural Residential Property Values: Some Empirical Evidence
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The question of whether solid waste landfills affect residential
property values has long been a subject of debate. Past research has resulted
in mixed conclusions. The current study examines six landfills,
which differ in size, operating status, and history of contamination. The
effect of each landfill is estimated by the use of multiple regression. In
five of the landfills, no statistically significant evidence of an effect was
found. In the remaining case, evidence of an effect was found, indicating
that houses in close proximity to this landfill suffered an average loss of
about six percent in value.