Articles filed under Property Values from USA

Property value losses near wind turbines greater than previously thought, appraisers say

The current study, released in July of 2011 by the Economic Financial Studies School of Business at Clarkson University, cites losses of up to 40 percent on properties located within 0.10 miles of new wind turbine facilities. This has prompted him to revise his loss figure upward to a maximum of 40 percent and expected adverse impacts out to three miles, with effects becoming less extreme with distance.
30 Mar 2012

Property value losses near wind turbines greater than previously thought, appraisers say

The current study, released in July of 2011 by the Economic Financial Studies School of Business at Clarkson University, cites losses of up to 40 percent on properties located within 0.10 miles of new wind turbine facilities. This has prompted him to revise his loss figure upward to a maximum of 40 percent and expected adverse impacts out to three miles, with effects becoming less extreme with distance.
30 Mar 2012

Study hints at cost of wind development

"Nearby homeowners, however, do not generally receive any direct compensation, and it is possible that PILOT payments are not completely making up for losses dealt to this group," he continued. "So, it may be necessary to develop other schemes which would compensate these affected parties."
3 Aug 2011

Wind power's effects gauged

"After completing my review of the subject location, it is clear that numerous homes in the Cape Vincent area will be adversely impacted, and the best available evidence indicates that value loss of 25 to 40 percent or more will occur to homes within approximately two miles of the turbines."
27 Jun 2011

Wind project foes cite impact on property values

"Industrial-style wind turbines change the essential character of the area," McCann told a packed room, which included residents of Bourne and Falmouth who are also dealing with wind turbine projects. He estimated $70 million to $112 million in market value could be lost in the town, based on the number of homes that could be affected.
24 Mar 2011

Property values and health impaired by wind turbines, experts tell East County residents

Both McCann and Krogh said that a number of turbine neighbors had walked away from their homes, because they could not live with the impacts and no one would buy their homes. Others must find someplace away from the turbines to sleep and many have had to send their children to live with relatives to clear up various illnesses.
28 Jan 2011

Hammond panel adopts home guarantee

The committee voted 9 to 1 Tuesday evening - with committee member and leaseholder, Michele W. McQueer, casting the lone dissenting vote - to adopt the controversial Residential Property Value Guarantee (RPVG) as a suggestion to the town board. In a recent letter from Iberdrola Renewables to the committee, Mark Epstein, Esq., senior counsel, wrote, "We believe that if the Committee chooses to pursue the RPVG, it will prevent any development of windpower facilities in Hammond."
30 Dec 2010

Hammond wind panel OKs property guarantee

The town's Wind Committee voted 9-1 Tuesday evening to adopt the controversial Residential Property Value Guarantee and move it on to the Town Council as part of its proposed wind zoning law. ...With the move, the committee appears to have taken direct aim at the company most interested in locating a wind farm in Hammond.
30 Dec 2010

Iberdrola threatens to pull project

The board is considering a law proposed by the town's wind committee that would require Iberdrola Renewables to compensate property owners who see drops in their land values because of the presence of wind turbines. The proposal also requires the company to buy out any property owner who objects to living near a turbine.
13 Dec 2010

Iberdrola: RPVG Draft Is 'Unworkable'

While Iberdrola Renewables says a proposed law requiring wind turbine companies to compensate property owners who see drops in their land values could force the company to drop plans for a development in Hammond, Town Supervisor Ronald W. Bertram says he supports the ordinance.
12 Dec 2010

A new slant on wind farms

"According to expert organizations such as professional Certified Real Estate Appraisers, industrial wind development adversely impacts land values within the immediate wind-zone and a peripheral area of approximately two miles," according to Grabski. He based his data on research conducted by the Certified Real Estate Appraisers in various states for property within two miles of wind turbines.
27 Oct 2010

County says they must follow the rules

A realtor's survey in August found the values of homes adjacent to the wind farm had declined; and, in the case of Stan Mundy, whose property abuts the project, that his home was "virtually unsellable" at a reasonable price. It also found no area home sales had been made by realtors in over a year. But county records show 11 homes have sold in the past year (apparently through private sales).
5 Oct 2010

Properties ‘virtually unmarketable’

Taylor said in his report that rural property close to town is usually in good demand, and noted he’s the agent for one parcel in the area. He has had over 50 inquiries on his listing in about two months, but 40 dropped interest after learning about the location. “In follow-up with the inquiries, the number one reason for not having genuine interest in this property is because of the proximity of the wind towers.”
22 Sep 2010

http://www.windaction.org/posts?location=USA&p=4&topic=Property+Values&type=Article
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