Do Charter Schools Affect Property Values?

Taxpayers are concerned that introducing a charter school in their neighborhood will decrease their property values. We test this proposition by using three methods. We test the size and significance of the distance from a charter school with respect to property values; weather the intervention of a charter school changes the forecasted value of the property; and if the distance from a charter school has a different impact than the distance from a public school in similar neighborhoods. For the most part, we find little evidence that the existence of a charter school affects property values.