Documents filed under Property Values

Values in the Wind: A Hedonic Analysis of Wind Power Facilities

Heintzelmantuttlehedonic_thumb This paper uses data on 11,331 property transactions over 9 years in Northern New York to explore the eff ects of new wind facilities on property values. The authors use a fixed effects framework to control for omitted variables and endogeneity biases. They found that nearby wind facilities signi cantly reduce property values in two of the three counties studied. The results indicate that existing compensation to local homeowners/communities may not be sufficient to prevent a loss of property values. The conclusions of the report are provided below. The full paper can be accessed by clicking on the link a t the bottom of this page.
16 Jul 2011

Hammond property value protection agreement

Residential_property_value_guarantee_agreement_-_town_of_hammond_wind_law_recommendation_-_122810_thumb The Town of Hammond in New York is working to amend its wind law to require developers siting wind turbines within two miles of a property to sign a value guarantee agreement that would ensure property owners are appropriately compensated should they experience a decrease in value due to the turbines.
28 Dec 2010

Julian and Jane Davis valuation appeal

Valuation_tribunals-davis_thumb In 2006, Mr Julian and Mrs Jane Davis' quiet enjoyment of their property had been disturbed by a nearby wind project to such an extent that they were forced to vacate their house, for health reasons. The Lincolnshire Valuation Tribune ruled that construction of the turbines 930 metres away from the dwellings had a significant negative effect on Davis; enjoyment of their properties, that the nuisance caused by the turbines was real and not imagined and it would have an effect on the potential sale price of the properties. Excerpts of the ruling are provided below. The full ruling can be accessed by clicking on the link(s) at the bottom of this page.
23 Oct 2010

Testimony of Michael McCann on property value impacts in Adams County IL

Mccann_appraisal__llc_written_testimony_re_setbacks___property_values_june_8_2010_thumb Certified appraiser Michael S. McCann submitted this testimony to the Adams County Board, Adams County Illinois in reference the impact of industrial scale wind energy development on residential property. Mr. McCann's testimony provides a detailed explanation of the impacts he has found and his recommendations to avoid harm to adjacent property when siting projects. An excerpt of his testimony is provided below. The full testimony can be accessed via the link at the bottom of this page.
8 Jun 2010

Wind farms, residential property values, and rubber rulers

Wind_farms_residential_property_values_and_rubber_rulers_thumb Real estate appraisal experts are challenging the scientific credibility and accuracy of a recent US Department of Energy ('DOE') report on the effect of wind power projects on property values. Albert R. Wilson's new paper asserts that well known flaws in the methodology used in the study raise serious questions concerning the credibility of the results, and the DOE report's authors failed to follow well-developed and tested standards for performing regression analyses on property sales. His paper can be accessed by clicking on the links at the bottom of this page.
16 Feb 2010

McCann Appraisal LLC: comments regarding LBNL/Hoen study on property values

Mccann_appraisal_llc_review_of_lbnl_wind_farm_property_val._thumb Michael S. McCann CRA was one of about 20 invited reviewers to provide comments to Ben Hoen, Ryan Wiser et.al. in reference to the LBNL study which evaluated wind farm impacts on residential property values. Mr. McCann's comments on the preliminary and final releases of the LBNL study can be accessed by selecting the links at the bottom of this page. An excerpt of Mr. McCann's comments is shown below taken from his most recent comments to Hoen/Wiser on the final study report released in December 2009. Windaction.org wishes to thank Mr. McCann for permitting us to post his documents here.
14 Dec 2009

Comments to Hoen/Wiser regarding property value study

Iwacomments090911_thumb Ben Hoen, Dr. Ryan Wiser, and others conducted a national study to determine the impact of industrial-scale wind turbines on nearby property values. The preliminary conclusions of the report were announced in 2007, however, no report has been released. Windaction.org had an opportunity to review the study's methodology and provide comments to Hoen and Wiser. Our comments can be accessed by downloading the file at the bottom of this page.
11 Sep 2009

Civil Suit filed in Maine Superior Court regarding First Wind's Mars Hill wind energy facility

Marshillcomplaint_032709_thumb On March 27, 2009, the residents of Mars Hill living within 3600 feet of First Wind's wind energy facility filed a civil complaint in Maine Superior Court seeking relief from the "significant harm" caused by the First Wind and others by the construction and operation of the site. The full complaint can be accessed by clicking on the link below.
27 Mar 2009

Impact of wind turbines on market value of Texas rural land

Landvaluepresentation_windfarm_2_13_09_thumb This report was prepared for a presentation given at the South Plains Agriculture Wind & Wildlife Conference in Lubbock, Texas on February 13, 2009. The findings and conclusions contained herein are the exclusive property of Gardner Appraisal Group, Inc., and cannot be re-produced without the express written permission of Gardner Appraisal Group, Inc. Windaction.org wishes to thank Mr. Derry T. Gardner for kindly granting us permission to post his presentation to the www.windaction.org website. To access the document, click on the link at the bottom of this page.
13 Feb 2009

Denmark: public policy regarding loss of value to real property due to wind turbines

Denmark_promotionrenewableenergyact_thumb Denmark adopted this policy in 2008-2009 which requires developers to pay compensation for loss of value of real property following the erection of the wind turbine. A summary of the policy is cited below. The policy document detailing the process of determining loss and compensation can be accessed by downloading the file linked to this page. This information was obtained from the Danish Energy Agency website.
1 Jan 2009

Living with the impact of windmills

Luxemburger-livingwithwindmills_thumb Chris Luxemburger is a real estate broker, director of the Brampton Real Estate Board and the Chairperson of the Real Estate By-Laws Committee in Ontario, Canada. In his survey of the three-year sales records for the Melancthon Wind Plant and surrounding area, Luxemburger found significant differences among 600 properties within and beyond three nautical miles of the plant. Those in proximity to wind turbines had either a higher rate of non-sale (11% vs. 3%) or took twice as long to sell. He summarizes his findings in this presentation.
1 Dec 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

Noise Radiation from Wind Turbines Installed Near Homes: Effects on Health

Wtnoisehealth_thumb The important paper reviews research articles within the field of acoustics concerning the acoustic properties of wind turbines and noise and recommends a safe buffer zone of at least 2 km between turbines and residential dwellings. The abstract of this paper is provided below. The full document can be accessed by clicking the link(s) on this page.
1 Feb 2007

Throwing Caution to the Wind: the growing threat of Industrial Wind Energy Development in Pennsylvania to Wildlife, Habitat and Public Lands

Boone2_thumb This is a comprehensive, well documented and thoughtful presentation on a wide range of industrial wind issues by Dan Boone, Consulting Conservation Biologist, at the public meeting held by Save Our Allegheny Ridges in Bedford, PA on September 18, 2006
1 Oct 2006

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