David G. Mandelbaum of Greenberg Traurig. Courtesy photo Commonwealth Court Offers Another Take on Valuing Contaminated Property
The issues of how one proves that one ought to take a discount from a property's "clean" value for tax, eminent domain, or other valuation purposes, how big that discount ought to be, and how long it ought to last remain vexing.
November 16, 2023 at 10:06 AM
7 minute read
Environmental Law
Intuitively, contamination reduces the value of property. But intuition does not count as evidence. The issues of how one proves that one ought to take a discount from a property's "clean" value for tax, eminent domain, or other valuation purposes, how big that discount ought to be, and how long it ought to last remain vexing. Last month the Commonwealth Court offered some guidance in Tank Car Corporation of America v. Springfield Township, No. 143 C.D. 2021 (Pa. Commw. Ct. Oct. 19, 2023).
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