Category:
Property Values
Also filed under [
Impact on People|
UK]
Landowners say turbines have hurt their property values
September 20, 2009 by Colleen Kottke in The Reporter
September 20, 2009 by Colleen Kottke in The Reporter
In the years since the Forward Wind Energy Center came on line, "For Sale" signs have popped up all over Gerry Meyer's rural neighborhood in the town of Byron. ...Meyer is convinced that the aesthetically displeasing look of the 400-foot turbines and subsequent ill effects experienced by nearby residents from the noise, vibration and light-flicker has caused housing values to plummet.
Also filed under [
Wisconsin]
Land values have fallen on properties near wind turbines built as part of the largest wind power projects in the state, a study funded by wind-power critics says.
The study found property values have fallen by at least 19% for sales of land near the We Energies wind farm in Fond du Lac County, and at least 12% for sales of land near Invenergy LLC's Forward Wind project in Fond du Lac and Dodge counties, a report by Appraisal Group One says.
Also filed under [
Impact on Economy|
Wisconsin]
Residents say proposed substation threatens rural lifestyle
September 10, 2009 by Anne Krueger in San Diego Union-Tribune
September 10, 2009 by Anne Krueger in San Diego Union-Tribune
Boulevard residents are upset about a proposed electric substation despite promises by San Diego Gas & Electric Co. officials that it will provide more reliable electricity for the backcountry.
A 58-acre substation to be built near Jacumba would take electricity from wind projects in East County and northern Baja California and put it onto the Southwest Powerlink, a power-transmission line that runs along the U.S.-Mexico border.
Also filed under [
Impact on People|
California]
Nuns decide to pass on Ridgeville property; Cite possibility of wind turbines for decision
August 6, 2009 by Bill Gleiss in Monroe County Democrat
August 6, 2009 by Bill Gleiss in Monroe County Democrat
Cistercian nuns are moving from Prairie du Sac, but a site for a new monastery in the Town of Ridgeville is no longer one of several considered by the religious community.
According to Sister Roberta Boyer ...the Ridgeville site, land owned by Ryszard Borys, was taken off the table because of the wind farm situation in the township.
Also filed under [
Impact on Economy|
Wisconsin]
Householders living near to Aston Hall Farm between Aston and Burston say a proposal to install three turbines on the land by Severn Trent Water has already blighted property prices.
Homeowner Rob Jackson, whose Enson Lane home is 520 metres away from the site of a proposed turbine, said the value of his house had dropped by between 20 and 30 per cent since he had it valued back in January. ..."It is devastating because planning authorities do not take property prices into consideration."
Also filed under [
Impact on Landscape|
UK]
A full gallery last night at Prince Edward County Council. The crowd was made up of local real estate professionals, and tourism business operators. They are dead set against industrial wind farms anywhere near homes and business in the County.
Also filed under [
Impact on Economy|
Canada]
The group fighting Shear Wind's Glen Dhu turbine project says property values could drop in the area if the development goes ahead.
Susan Overmyer, media relations for the Eco Awareness Society, said several recent studies show home values could deteriorate by "20 to 30 per cent" if turbines are built in the proposed area near Baileys Brook.
Also filed under [
Impact on Economy|
Canada]
A couple from West Prince has proof from the government their property has dropped in value since wind turbines were put up near their home. ...Beverly Howard told CBC News Monday there are now five new turbines within sight of their home, the closest about 500 metres away.
"If you're sitting out on your deck, they're noisy, if you're out gardening they're noisy," she said.
Also filed under [
Impact on People|
Canada]
Wind farms are blowing land values off course, slashing property tags by up to a third in some areas and lifting others by as much $50,000 per turbine.
A new study shows the presence of wind turbines significantly influence land values - but it's not all bad.
The study co-incides with a new push by the Federal Government to speed up the building opf wind farms across Australia.
Ballarat-based value Alan Hives said there had now been enough sales of property featuring or near wind farms to draw some conclusions of their impact on property values.
Also filed under [
Impact on Economy|
Australia / New Zealand]
Turbines making a big difference to land values in Gippsland
November 12, 2008 by Marius Cuming in Stock Journal
November 12, 2008 by Marius Cuming in Stock Journal
John Jess has been valuing properties in Gippsland, Vic, since 1982 and says wind turbines are having a significant impact on values for both farmland and residential property.
Having conducted valuations for a panel hearing on proposed wind farms, Mr Jess said farming properties appear to drop 10-15 pc near turbines.
There is stronger evidence to suggest rural-residential values drop by 30-40pc near win turbines.
Also filed under [
Impact on People|
Australia / New Zealand]
A proposed 120-metre wind turbine would knock 50 per cent off the value of thousands of nearby homes, an action group claims.
Save Our Skyline (SOS) was formed in response to a planned turbine taller than Wakefield Cathedral at Coca Cola's warehouse at Wakefield 41 Industrial Park.
SOS claims 3,800 homes within a mile radius would see 54 per cent knocked of their value by the turbine.
The information comes from a recent study by the Royal Institute of Chartered Surveyors.
Also filed under [
Impact on Economy|
UK]
Developers balking at proposed Woodbury wind turbine
September 24, 2008 by Bob Shaw in Pioneer Press
September 24, 2008 by Bob Shaw in Pioneer Press
What's "green," 18 stories tall and trashes property values?
A wind turbine next to the new East Ridge High School in Woodbury - according to developers.
Plans for a wind turbine roughly 200 feet tall hit a snag last week when developers balked at the idea of building houses nearby. They said buyers of high-end homes would be spooked by the noise and visual distraction of huge whirling fan blades.
City officials are taking the threat seriously.
Homeowners living near windfarms see property values plummet
July 26, 2008 by Nigel Bunyan and Martin Beckford in Telegraph.co.uk
July 26, 2008 by Nigel Bunyan and Martin Beckford in Telegraph.co.uk
Thousands of homeowners may see the value of their properties plummet after a court ruled that living near a wind farm decreases house prices.
In a landmark case, Jane Davis was told she will get a discount on her council tax because her £170,000 home had been rendered worthless by a turbine 1,000 yards away.
The ruling is effectively an official admission that wind farms, which are accused of spoiling countryside views and producing a deafening roar, have a negative effect on house prices.
Also filed under [
Impact on People|
UK]
Highland declared a property wealthy district by the TEA
June 25, 2008 by Kimberly Gray in Sweetwater Reporter
June 25, 2008 by Kimberly Gray in Sweetwater Reporter
The Highland Independent School District learned earlier this month that it is a property wealthy district after being notified of its status by the Texas Education Agency.
In TEA terms, Highland is a Chapter 41 district for the 2008-09 school year. Chapter 41 of the Texas Education Code makes provisions for certain school districts to share their local tax revenue with other school districts. ...
The Highland ISD has been declared a Chapter 41 district because of significant increases in property values due to the new wind farms in the district. Nelson said those wind farm values will peak in the 2008-09 school year and then decline due to tax code Chapter 313 property tax limitation agreements ...
Also filed under [
Tax Breaks & Subsidies|
Texas]
Horizon, opponents debate effects on property
June 12, 2008 by Joshua Niziolkiewicz in Lincoln Courier
June 12, 2008 by Joshua Niziolkiewicz in Lincoln Courier
Since Houston-based Horizon Wind Energy has proposed putting up 29 wind turbines in Logan County, along with 37 turbines in Tazewell County, many arguments have surfaced regarding whether the construction might have a negative impact on some local residents. ...The first zoning board of appeals' public hearing will be Tuesday at 7:30 p.m. in the Hartsburg-Emden High School gymnasium, where Horizon will present its testimony and call witnesses in support of its evidence.
Porter will call his witnesses and cross-examine Horizon's testimony at a zoning board of appeals meeting, which will follow Horizon's on a separate day.
"We have hired an appraiser, Michael McCann, who has done a study specific to the proposed Logan County Turbine Facility. Mr. McCann has extensive experience with valuing affects of proposed projects on nearby properties," said Porter. "Unlike Mr. Poletti, Mr. McCann has no pre-study biases that impact his decisions.
Also filed under [
Illinois]
Hampshire commissioners asked to reverse opposition to power line
May 7, 2008 by Mona Ridder in Cumberland Times-News
May 7, 2008 by Mona Ridder in Cumberland Times-News
Apparently hoping that a proposed agreement between the staff of the West Virginia Public Service Commission and Allegheny Energy would put a better face on the utility's proposed Trans-Allegheny Interstate Power Line project, the Hampshire County Commission received an e-mail request to reverse its opposition to the project.
Commissioners Don Cookman, Steve Slonaker and Robert Hott, however, all agreed that would not happen.
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