www.windaction.org | Property Values

Falmouth Real Estate - "The Turbine Effect"
May 15, 2013 by Laura M. Reckford in Cape Cod Wave

Realtor Nadine Krasnow of Falmouth Fine Properties said she has no doubt that the turbines have affected property values ..."In my opinion, it's had a noticeably chilling affect and it has definitely become more difficult to sell houses there; and the reason is, if people have other choices, which they do, why are they going to buy in a place where value has gone down and it's unclear what will happen in the future?"

Also filed under [ Massachusetts]

Wind turbines have reduced property values, court says
April 23, 2013 by John Spears in The Star

Healey noted that the landowners near the proposed wind farms had submitted expert opinion estimating that drop in land values of 20 to 50 per cent. She said the landowners can file a damage claim when the project clears all of its regulatory approvals.

Also filed under [ Impact on People| Canada]

Inquiry to probe wind farm property price impacts
April 16, 2013 in AU News

A Federal Court decision has triggered a South Australian parliamentary investigation into whether wind farms can devalue neighbouring properties. The terms of reference have been expanded for a select committee looking into wind farm developments.

Also filed under [ Impact on Economy| Australia / New Zealand]

Searchlight wind farm could reduce property values by 25-60 percent, suggest studies
April 2, 2013 by Kyle Gillis in Nevada Journal

Recent studies and testimony by real estate appraisers from around the world indicate that properties within two to three miles of wind turbines have seen their values decline from 25 to 60 percent - with the decreased value being "tantamount to an inverse condemnation, or regulatory taking of private property rights."

Also filed under [ Impact on Economy| Nevada]

Farmers fear ill wind in expansion of turbine plan
March 24, 2013 by John Thistleton in The Canberra Times

An explosion of proposed wind farms near Canberra and their divisive nature have turned communities against them, the Liberal candidate for Hume claims. Angus Taylor said neighbouring farmers were terrified their land values will plunge 30 per cent.

Also filed under [ Impact on Economy| Australia / New Zealand]

Conditions placed on proposed wind farm; Permit granted after hours of debate
March 21, 2013 by Ken de la Bastide in Kokomo Tribune

The Prairie Breeze Wind Farm will be allowed to move forward, as long as its developers guarantee it won't diminish property values and turbines are built at least 1,500 feet from property lines. ...the guarantee of property values is telling juwi to "put up or shut up."

Also filed under [ Impact on People| Indiana]

Overflow crowd at wind farm hearing; Tipton BZA listening to pros and cons.
March 21, 2013 by Ken de la Bastide in Kokomo Tribune

At the center of the battle between opponents and proponents of the Prairie Breeze project is the potential impact on property values in the area. ...Appraiser Mike McCann, representing the CRD, said a wind farm will change the character of the area from residential and rural to industrial and decreases the desirability of selling a residential property.

Also filed under [ Impact on Economy| Indiana]

Wind farm property impact hard to define; Expert says buyers may be harder to come by
March 17, 2013 by Scott Smith in Kokomo Tribune

In Tipton County, developers juwi Wind Energy say there's no data to support the contention that wind farms affect property values. But even the authors of the only comprehensive U.S. study on the subject, a 2009 U.S. Department of Energy-funded look at more than 7,000 properties near wind farms, weren't willing to go that far.

Also filed under [ Impact on People| Indiana]

A proposed wind turbine development could be hurting home sales on Amherst Island
March 13, 2013 by Stephanie Wilkins in CKWS TV News

"All it takes is just saying well there is a project that has been proposed that entails bringing 33 to 37 huge wind turbines and people just say oh no no no we'll walk away from that." This is the second time Best's home has been put on the market and without a buyer she is left with few options.

Also filed under [ Impact on Economy| Canada]

Are energy projects causing loss of tourism dollars on public lands?
March 9, 2013 by Miriam Raftery in East County Magazine

Industrial-scale energy projects on Bureau of Land Management lands are pushed through by energy companies touting jobs and economic booms to communities. Not mentioned is the potential loss of tourism revenues if people stop coming to recreational areas that are visually blighted.

Also filed under [ Impact on Economy| USA| California]

Studies show land-based Wind turbines cause property values to plummet; Health, economic, and environmental factors are cited as major issues
March 5, 2013 by Barry Wanger in Wind Wise-Massachusetts

"The wind turbines near residential areas are devastating to home values," McCann said. His firm has conducted more than 20 appraisals of homes near existing or proposed land-based wind turbines in more than two dozen communities across the country.

Also filed under [ Impact on Economy]

Turbines 'tarnish property values'
February 12, 2013 by Pia Akerman in The Australian

In a decision believed to be the first time an Australian court has recognised the adverse financial impact of wind farms for neighbours, magistrate Kate Hughes ruled a property would be worth 17 per cent less if a 14-turbine facility were erected next door. For one part of the property, in regional Victoria, she accepted a 33 per cent fall in value was likely.

Also filed under [ Impact on Economy| Australia / New Zealand]

Wind farm giant goes after 'myths'
February 11, 2013 by Dan Seufert in Manchester Union Leader

Woody Miller, a realtor at Coldwell Bank and Old Mill Properties in Bristol, said the Groton wind farm has likely already slowed the sale of one of his properties in neighboring Rumney. "I would argue that wind farms here will have a substantial effect on fair-market property values. If you eliminate even a few of the pool of potential buyers for a particular property, it hurts property sales and therefore values."

Also filed under [ Impact on Economy| New Hampshire]

Value of land cut by wind farms
February 1, 2013 by Pia Akerman in The Australian

Mr Jelbart and his neighbours estimate the wind farm development will wipe $20 million from the value of nearby properties. "Our land is being used as a buffer zone for an industrial site," he said.

Also filed under [ Impact on Economy| Australia / New Zealand]

Witness says ARC turbine would devalue property
January 16, 2013 by Cynthia Mccormick in Cape Cod Times

"Old King's Highway is about views and vistas as well as paint chips and shingle colors," she said. "I felt ARC had other options where to put the turbines." Austin said as the appellant she represents 92 people from Dennis and Yarmouth who formed an organization called Save Our Beaches in opposition to the proposed turbine.

Also filed under [ Impact on Economy| Massachusetts]

When a price has to be paid for green energy
December 27, 2012 in Herald Scotland

Houses very close to wind farms drop in value because they are more difficult to sell and a significant rebate would be some compensation. Whether £400 and a reduction in fuel bills will be regarded as adequate remains to be seen and householders who complain that noise from turbines affects their wellbeing are unlikely to regard any payment as sufficient compensation.

Also filed under [ Impact on People| UK]

Wind farm brings relief for taxpayers in Groton, but not Lempster. and Grafton?
November 14, 2012 by Emily Corwin in New Hampshire State Impact

The town of Lempster’s education taxes increased by $317,722 the year after the wind farm went online – although other economic variables may also have played a part in the increase. That cost, in addition to the $186,137 the town paid in additional county taxes after the wind farm arrived, means that Lempster residents have not experienced the windfall they may have hoped for. Richards says that while the town’s tax rates decreased for one year after the wind farm opened at the end of 2008, they rose above pre-wind mill rates the following year

Also filed under [ Tax Breaks & Subsidies| New Hampshire]

Wind turbine compensation stirring discontent
November 12, 2012 in The Copenhagen Post

The loss-of-value clause was passed by parliment in 2008 at the urging of Dansk Folkeparti (DF) and gave neighbours to wind turbines the opportunity to seek financial compensation for lost property value. Fifty-three percent of applicants have received compensation, but those that have had money awarded say the amount did not come close to reflecting the actual value.

Also filed under [ Impact on People| Denmark]

Wind turbine report points to drop in property values
October 4, 2012 by Elliot Ferguson in Kingston Whig-Standard

A report by Ben Lansink of London-based Lansink Appraisals and Consulting, shows re-sale values for residential properties in Melancthon and Amaranth townships between 2005 and 2012 dropped an average of 38.8% in the years after a wind turbine facility was announced and built.

Also filed under [ Impact on Economy| Canada]

Wolfe Island property assessment reductions of over $3 million
September 19, 2012 in Ontario Wind Resistance

I am including the list of property assessment reductions from MPAC since 2008. The list shows 78 significant assessment reductions since 2008 (the wind farm became operational in 2009) totaling $3 million in reductions. The 6 largest reductions are listed below and are situated very close to the turbines.

Also filed under [ Impact on Economy| Canada]