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This analysis is intended to assist individuals and communities respect when sea degree rise could place present coastal properties (aggregated by neighborhood) vulnerable to tidal flooding. It captures the current worth and tax base contribution of these properties (additionally aggregated by community) and isn’t intended to mission modifications in those values, nor in the value of any specific property.
Greater than 300,000 of at present’s coastal homes, with a collective market worth of about $117.5 billion at this time, are vulnerable to continual inundation in 2045â€”a timeframe that falls inside the lifespan of a 30-year mortgage issued at present. Approximately 14,000 coastal commercial properties, at the moment assessed at a value of roughly $18.5 billion, are additionally at risk throughout that timeframe.
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