Articles filed under Property Values from USA

N.D.'s largest wind farm: Concern raised for properties not enrolled in Courtenay Wind Farm project

The footprint of the project runs about 11 miles from north to south and six miles from east to west. But it is not the size of the footprint that concerns PSC members. "I've never seen a project with as many people inside the project that are not participants," Kalk said. The map of the project includes about 16 quarter sections of land not participating in the project.
13 Jul 2013

Coös commissioners appeal DRA's equalized valuations in wind-farm UPs

When county administrator Jennifer Fish was asked whether she had calculated the dollar amounts of property tax bills that would have to be sent out in Millsfield and Dixville under the DRA's equalized valuations, she replied that she had not done the math but believed they would be exponentially higher. A DRA witness pointed out that the press had widely reported that the capital investment in the Granite Reliable Wind Farm would be in the range of $250 to $275 million.
13 Jul 2013

Turbines complicate sales of abutting homes

Realtor Susan Whitehead said she has been trying to sell a property on Weeden Road for two years. That property was put on the market for reasons unrelated to the turbines, but Whitehead said buyers ask about the machines, which are visible across Little Bay, "100 percent of the time." "They ask about the noise, they ask about the flicker, and then they don't put in an offer," she said.
25 May 2013

Falmouth Real Estate - "The Turbine Effect"

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?"
15 May 2013

Overflow crowd at wind farm hearing; Tipton BZA listening to pros and cons.

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.
21 Mar 2013

Making statistics say anything they want

I spoke with the expert juwi had at the open house, Dr. Mark Thayer of San Diego State University. He admitted that the studies do not look at the number of turbines in proximity to the houses. It seems most houses have just a few within a 1-2 mile radius. According to the filed plans, there will be six or seven within a half-mile of us, 17 within 1 mile, and 35-37 within 2 miles! And we are not unique; many other homes around here are in the same boat.
23 Feb 2013

Wind farm giant goes after 'myths'

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."
11 Feb 2013

Wind farm brings relief for taxpayers in Groton, but not Lempster. and Grafton?

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
14 Nov 2012

Wind farms drop property values

What would happen if your home lost 40 percent or more of its value? This is the agonizing reality for residents and property owners in Chipmonk, Knapp Creek, the Four Mile and the Birch Run. ...Recently, the assessment rolls in Wolfe Island (on the St. Lawrence Seaway) were reduced by $3 million dollars because homes in close proximity to turbines lost value.
6 Nov 2012

http://www.windaction.org/posts?location=USA&p=3&topic=Property+Values&type=Article
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