Library filed under Property Values

Henderson plans nearly $20,000 study to have ‘guns loaded’ against Galloo Island wind project

A $19,600 study led by the Potsdam-based Clarkson University School of Business to research various impacts of the 31-turbine project was approved Wednesday by the Town Council. The study — to be expanded if more towns participate — will explore the potential impact of Albany-based Hudson Energy’s project on Henderson’s economy, waterfront viewshed and property values.
28 Jul 2015

“Irresponsible and shameless exploitation” – new tourism chief takes stand against Navitus Bay

In a statement attacking the proposals, Bournemouth Tourism Management Board also said it was furious that EDF Energy, one of the backers of the Navitus Bay project, was “completely disregarding the environmental and consequential economic impact on the local area and refusing to compensate for the multi-million pound damage local businesses face”.
27 Feb 2015

Experts offers insight to wind farm questions

He also illustrated reasons for people to sell property with a turbine on or near it include health impacts. ...He said it’s [not] a “conspiracy theory” among neighbors when it comes to those health impacts, but he affirmed those events do occur. ...Property impact studies have been done throughout the world and one he described showed assessed values indicated a 20 percent deviation from assessed sale value.
11 Feb 2015

Industry criticizes wind turbine report

“The turbines that are proposed here are quite large,” she said. “The majority of the population here very clearly doesn’t want them. Put simply, if you were to buy your future home, given the choice, would you buy where you would have noise, shadow flicker, an industrial view, potential health issues caused by the turbines, and the possibility of a very difficult resale, or would you spend your money elsewhere?”
18 Dec 2014

Wind farm and property value study should not have been published: Queen’s professor emeritus

The paper by Vyn and McCullough (2014) should not have been published in its current form as the results are being misinterpreted and highly publicized in the press and in radio broadcasts. The core issue is the lack of power in the statistical tests, a problem partially acknowledged by the authors but then dismissed by their focusing attention on tests for the sensitivity of their model specification. 
10 Dec 2014

Wind turbines have little impact on property values, study concludes

Wind turbines generally have little effect on the value of nearby properties with possibly isolated exceptions, a recent study of thousands of home and farm sales has found. ...One appraiser's report found the values of five properties close to turbines – bought and resold by wind farm developers – plunged by more than half, the researchers note. In addition, homes or farms that may not have sold because of nearby turbines don't show up in the sales data.
7 Dec 2014

Wind energy development and perceived real estate values in Ontario, Canada

Windenergy-and-perceivedpropertyvalues_thumb This paper focuses on public concerns about real estate value loss in communities in the vicinity of wind turbines. There are some conflicting results in recent academic and non-academic literatures on the issue of property values in general—yet little has been studied about how residents near turbines view the value of their own properties. The abstract and portions of the conclusion of this paper can be found below. The full paper can be accessed by clicking the links on this page.
27 Nov 2014

Property rights group tells legislators Oklahoma wind farm tax credits are unsustainable

Using Oklahoma Tax Commission records, Rick Mosier, of the Oklahoma Property Rights Association, discussed the growth of Oklahoma zero-emission tax credits. These are awarded to wind power companies based on how much electricity they generate. More than $40 million of these credits were awarded in 2012. Beginning this year, qualifying companies can get paid 85 percent of the credit even with no tax liability.
1 Oct 2014

Utility assessments remain hot topic in Coos County

The county established the Utility Valuation Defense Fund as a response to what county officials said was a broad-based effort by utilities to challenge municipal assessments throughout New Hampshire. The situation is particularly acute in Coos County where the utilities appear to be “trying to pick off small towns one at a time,” through legal action that the towns are hard-pressed to respond to.
24 Jun 2014

Gone with the Wind: Valuing the visual impacts of wind turbines through house prices

Sercdp0159_thumb Abstract This study provides quantitative evidence on the local benefits and costs of wind farm developments in England and Wales, focussing on their visual environmental impacts. In the tradition of studies in environmental, public and urban economics, housing costs are used to reveal local preferences for views of wind farm developments. Estimation is based on quasiexperimental research designs that compare price changes occurring in places where wind farms become visible, with price changes in appropriate comparator groups. These comparator groups include places close to wind farms that became visible in the past, or where they will become operational in the future and places close to wind farms sites but where the turbines are hidden by the terrain. All these comparisons suggest that wind farm visibility reduces local house prices, and the implied visual environmental costs are substantial. The conclusions of the report are provided below. The full report can be accessed by clicking the link(s) on this page.
11 Apr 2014

http://www.windaction.org/posts?p=2&topic=Property+Values
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