Are Property Values Being Adversely Affected by Crime?

Abstract

Examines the nexus of economic development, induced crime and property values focused on casino gambling introduced to Atlantic City, New Jersey. Uses econometric techniques to calculate the effects to which monetary increase in property values is directly attributable to the casinos and the extent to which these values have been diminished due to crime. Concludes that the gain in property taxes that a municipality may realise when a reduction in its property crime rate imbalances assessed values.

Citation

Buck, A.J. and Hakim, S. (1991), "Are Property Values Being Adversely Affected by Crime?", Journal of Property Valuation and Investment, Vol. 9 No. 1, pp. 37-44. https://doi.org/10.1108/EUM0000000003296