Articles filed under Property Values

“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

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

Wind concerns addressed at Grafton forum

McCafferty said there are multiple problems with wind farms -- such as the aesthetics and the noise associated with them. "People don't come to Vermont to look at wind farms and they don't come to Vermont to hear a lot of noise. So, these are direct impacts on the values," McCafferty said. Before the crowd departed for the night, Wright gave them one last message.
25 Feb 2014

Wind bid stalled

A bid to push along the town’s commitment to buy power from a proposed wind turbine project in Plymouth has stalled because the Board of Selectmen wants more information about the town’s costs and savings as well as the lawsuits surrounding the proposal.
12 Feb 2014

Wind farms proven to cut house prices by 11%, says LSE report

The study, by the London School of Economics (LSE), reviewed more than a million homes within close proximity of large wind farms over a 12-year period, finding that their property values fell by 11 per cent. According to Professor Steve Gibbons, Director of LSE’s Spatial Economics Research Centre, "Property prices are going up in places where they’re not visible and down in the places where they are.”
26 Jan 2014

Noise, property values factor in wind forum discussion

In a study McCann did on Lee County, Ill., the average price per square foot for a home outside 2 miles of the wind project was $104.72. For those that were within 2 miles of the project the average sale price was $78.84 per square foot - a decline in value of approximately 25 percent. One couple that was part of a panel at Friday's forum - Scott and Melodie McLane from Georgia, Vt. - experienced the depreciation of the value their home first hand.
20 Jan 2014

Wind farms 'can wipe one-third off house prices', MP claims

"An increasing number of people are coming to me with clear evidence that the value of their home is significantly less than what it otherwise would be were the wind farm not there. "I'm seeing a minimum 10 per cent to 15 per cent reduction," he said. "Some are seeing a loss of one-third of the value. How can that be fair?
31 Dec 2013

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