MEASURING THE COST OF AIRPORT NOISE: FORMULAS AND PITFALLS

A convenient formula for evaluating the depreciation of real property located near an airport is presented. Its legal ramifications are discussed and two court decisions are cited as examples of the use of "factor formula". A District Court field that seven areas of property near the New Haven Airport were intitled to $18,400 using a modification of the "factor formula" to calculate the damages. On closer inspection the "factor formula for valuation of aviation easements" appears to have several weaknesses, at least one of which was made weaker in the variation used by the court in the New Haven decision, East Haven v. Eastern. Given the rapidly growing legal and public pressures on airports to compensate their neighbors for the annoyance caused by aircraft noise, both the formula and the use of such of such a formula deserve careful study.

• Authors:
  • SPAETH, R L
• Publication Date: 1972-7

Media Info

• Pagination: p. 412-419
• Serial:
  • APPRAISAL JOURNAL
  • Volume: 40
  • Issue Number: 3

Subject/Index Terms

• TRT Terms: Airport noise; Costs; Depreciation; Environmental impact analysis; Environmental impacts; Legislation
• Old TRIS Terms: Airport noise/community disturbance
• Subject Areas: Aviation; Environment; Finance; Law; Terminals and Facilities;

Filing Info

• Accession Number: 00155519
• Record Type: Publication
• Source Agency: Massachusetts Institute of Technology
• Files: TRIS
• Created Date: Sep 20 1977 12:00AM