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).
Continue reading the full article, published by The Legal Intelligencer Nov. 16, 2023. Reprinted with permission.
*The opinions expressed in this column are those of the author and do not necessarily reflect the views of Greenberg Traurig or its clients.