Library filed under Property Values

Resale a concern on land with power lines

Whether the reports of health hazards are true or not is almost irrelevant. Just the fact that many people are truly concerned about the potential health effects of living near a wind farm, or the electromagnetic radiation from high voltage electrical wires, is reason enough to try to avoid buying a property that is close to power lines. It's a simple law of economics: As demand for a product goes down, so does its price. When you have a certain number of people avoiding a certain property, for whatever reason, the price of that property will be negatively affected.
24 Aug 2008

Homeowners living near windfarms see property values plummet

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.
26 Jul 2008

Highland declared a property wealthy district by the TEA

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 ...
26 Jun 2008

Horizon, opponents debate effects on property

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.
12 Jun 2008

Hampshire commissioners asked to reverse opposition to power line

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.
7 May 2008

Wind farm opponents air concerns; Experts say Rail Splitter project will create noise, affect property values

The Tazewell County Zoning Board of Appeals has been holding public hearings since April 1, getting public input on the proposed Rail Splitter Wind Farm by Houston-based Horizon Wind Energy LLC. ...Spanos presented an acoustical engineer from Michigan who said the wind towers would create noise that could affect nearby residents and a real estate appraiser who said property values near the farm could drop. "These wind farm turbines surround the properties," said Michael McCann, a real estate appraiser from Chicago who said homes near the proposed farm could drop in value between 20 percent and 30 percent.
2 May 2008

Michael McCann testimony re: Rail Splitter wind energy facility

08-05-01_transcript_tazewell_county_zba_mccann_thumb Testimony of Mr. Michael McCann, a certified general real estate appraiser with 28-years experience appraising residential and commercial property. Mr. McCann addresses the possible impacts of wind turbine development on residential properties located within 1500-feet of the turbines. His full testimony can be read by clicking on the link at the bottom of this page.
1 May 2008

Report: Possible benefits, problems with NYRI power line proposal

A report by congressional investigators concludes power lines like the proposed New York Regional Interconnect in upstate New York could make the electric grid more efficient, but could also pose safety and security risks. The Government Accountability Office released the report Friday, examining the possible effects of building a line like NYRI. The company wants to build a 190-mile, high voltage power line running from Utica into Orange County to feed the growing power demands of the suburbs around New York City and alleviate some of the congestion in the electric grid. "When you look at the report as a whole, it clearly confirms many of the things that we have talked about in terms of the damage (NYRI) would do," said Rep. Michael Arcuri, a Utica Democrat who sought the GAO review.
1 Feb 2008

Wind farm plan takes some blows

The people affected by a future wind farm in Tazewell and Logan counties had a chance Tuesday night to meet employees of Horizon Wind Energy and ask tough questions about the giant turbines going up in their backyards. The small, serious crowd of visitors to the Emden Community Center's basement brought to the meeting a mix of optimism and skepticism. Horizon Wind Energy, which already has a wind farm in McLean County, is planning to build another wind farm that will stretch from Emden in Logan County to Delavan in Tazewell County. "I don't like it. It ain't gonna be win-win for me," said Gene Aper. Aper's home is going to be surrounded by wind turbines. Aper said he has talked to real estate agents who told him that his property value will go down 10 to 20 percent because of the nine wind turbines that will be visible from his front door.
31 Jan 2008

RELEASE: Windfarms devalue land

Victorian Nationals Energy spokesman Peter Hall has called on the Government to acknowledge that windfarms devalue properties surrounding the land on which they are sited, and to review planning guidelines to reflect the drop in value. Mr Hall said that irrefutable proof of property devaluation was contained in conditions attached to a recent planning permit issued by South Gippsland Shire Council. The condition, attached to a permit to subdivide land adjoining the proposed Bald Hills wind energy facility, requires future land owners to be advised that "residents on the lots may experience detrimental amenity affects arising from the facility such as noise, blade glint and blade flicker." ..."The Government's renewable energy policies should be targeted at those renewables that have less negative environmental impacts such as solar, geothermal and bio-fuels," Mr Hall concluded.
17 Dec 2007

Part II: Borough Council VP Bill Latchford’s Q&A about Gamesa’s proposed wind farm on Ice Mountain

Do you think wind mill development can effect property values? For anyone to say that property values aren’t hurt by this is wrong. I went to a house where six of these wind mills were facing down on me. The house is 2,000 feet away and you can plainly see them in front of you as if it’s right there, that’s how close they feel. They are gigantic devices and I have to say I am amazed by them, but would I want to look at them that close to me? No I wouldn’t. The people in Tyrone that will be affected by our proposed wind farm are the people who live on top of Decker Hollow Road, by the old apple orchard. Those people will see and hear the wind mills. I’m going Saturday on top of Decker Hollow Road and look to see the mountain they will be on and try to imagine what it will be like.
14 Dec 2007

Builders wary of turbine locations

Klundert said many home builders strive for energy efficiency in their projects and are generally supportive of wind energy as a green technology. However, 100-metre-high wind turbines aren't going to enhance home sales if located too close to planned residential areas, he said. Wind turbines are probably comparable to hydro transmission towers in terms of negative impacts on nearby property values, he said, although wind turbines are two to three times higher than hydro towers. ...Ray Duhamel, of Jones Consulting Group of Oakville, said the draft planning policies in the county for wind energy provide a one-kilometre buffer between existing "settlement areas" and wind turbines. Klundert wondered if one kilometre would be enough to accommodate future growth and still have a reasonable buffer for homeowners worried about property values.
13 Dec 2007

DOE property value study

The U.S. Department of Energy's Energy Efficiency and Renewable Energy (EERE) has undertaken a study to determine the impact of utility-scale wind turbines on property values. In June 2007, the preliminary results of the study presented at the American Wind Energy Association's (AWEA) annual meeting showed "No effects found" on property values. The study analyzes four sites, including areas in Somerset County and Wayne County, PA which are already highly-industrialized including active and reclaimed strip mines. This is in direct contrast with target sites like rural Lempster, NH not included in the EERE study. The topographical map of Lempster reveals a site with no industrialization and located at least fifteen miles from the nearest interstate highway. While the final EERE report is not due until 2008, the preliminary results rushed to the AWEA annual meeting appear suspect, insufficiently sampled, and overly generalized.
3 Dec 2007

When the wind blows: They're Green, but Wind Farms Make Poor Neighbours

'A Royal Institution of Chartered Surveyors study suggests local house prices drop by around 20 per cent when a wind farm application is submitted. If a house in the vicinity was once worth Pounds 350,000, it will now be worth Pounds 50,000 to Pounds 70,000 less,' he says. Mr Barlow is one of the leaders of the Stop Wadlow Wind Farm campaign, a group of 300 local residents opposing plans for what he describes as '13 vast, noisy turbines, each one taller than Big Ben, and visible over an area of more than 300 square miles'. ...While some estate agents claim turbines have a negative impact on prices, many others see them as an inevitable feature of the future landscape. And farmers, on whose land the turbines are often built, can certainly profit from wind.
30 Nov 2007

Fears wind farm will hit property values

Twenty-five people fired their concerns at TrustPower major projects manager Deion Campbell and environmental officer Ryan Piddington about a project they said has divided the community. TrustPower hopes to build the $500 million wind farm on nine properties in the hills behind Mataura. ... The land owners' biggest concern is the impact the wind farm will have on their property prices. TrustPower had "handsomely" compensated those people whose land would be used for the turbines while neighbours had been left in the cold. The consequences for them were only negative with pristine views spoiled and fears that noise from the turbines would cause a drop in property values.
19 Oct 2007

Cattleman disputes wind power's promise

Laurie Lasater finds himself these days in an exquisite dilemma. He reveres the right of property-owners to use their land as they see fit, yet he deplores the rush of ranchers to install huge wind turbines on vast rolling plains. "The concerns are twofold," said the third-generation rancher, whose grandfather introduced the Beefmaster breed to South Texas. "First are property rights. The Texas and Southwestern Cattle Raisers Association stoutly defends private property rights, but wind farms not only affect the view, they also hurt land values. "Second is the true cost of energy produced. For both ethanol and wind energy, the true cost is approximately double the cost of energy from other sources."
30 Aug 2007

Windfarms cut house values

Given two identical houses at the same price, one with wind turbines on the horizon, which would you buy? No prizes for guessing that the twirling monsters would be a deterrent. But the British Wind Energy Association dismisses this as a "myth about windfarms - their impact on house prices". It is hardly surprising that a trade organisation uses "spin" to sell its windmills, but I wonder how it will react to the news in Denmark's Copenhagen Post (July 30) that its government is drafting a proposal suggesting that "homeowners living in the shadow of the 150-metre giants be compensated for lost property value where values have been brought down by the presence of nearby wind turbines".
7 Aug 2007

Turbines have 'horrific impact' on village life

CAMPAIGNERS against plans for a new wind farm between Bagthorpe, Barmer and Syderstone have been told of the horrific impact turbines can have on village life. A packed public meeting in Bircham Newton heard from a number of guest speakers who gave grave warnings about the health impact, noise disturbances and threat to wildlife which could stem from the five turbines earmarked for the villages. Included among the speakers was Jane Davis, of Deeping St Nicholas, Lincolnshire, who described the persistent noise problems she has faced from a wind farm near her home. She also spoke of how the value of her property has plummeted since the development was completed. Syderstone resident Reg Thompson, a member of the action group formed to oppose the plans, said: "People are very concerned about this. "There are moves being made in Europe to ban wind farms that are within two kilometres of housing and we hope that becomes legislation because every house in Syderstone falls within that radius. "People are very upset. We have seen housing deals fall through as people no longer want to move here.
3 Aug 2007
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