Valuing Properties with Wetland Potential (Author Abstract) (Report)
Appraisal Journal 2011, Spring, 79, 2
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Publisher Description
ABSTRACT The Clean Water Act and federal policy of "no net loss of wetlands" prohibit the destruction of wetland acreage in the United States. However, these policies allow for wetland destruction to be offset by developing and converting suitable land into qualifying wetlands, which can then be sold as credits to developers. Land with a highest and best use for wetland mitigation credits typically requires environmental analysis, engineering expertise, landscape design, and approval by authorities before it can be resold for that purpose. This article offers information, examples, and suggestions for the valuation of property readily converted to qualifying wetlands.
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