Articles filed under Property Values

Ford County Board intends to protect property values around wind farms

The board’s five-member zoning committee drafted a proposed revision to the county’s ordinance regulating wind farms last Friday in order to protect the value of non-participating landowners’ property. Under the proposal, before a special-use permit is issued for a wind farm, the owner/operator of the wind farm must guarantee to pay the difference if any non-participating property within two miles of the wind farm ends up being sold for less than its fair cash value or assessed value.
5 Feb 2019

Wind turbines lower real estate prices: Report

A study by the RWI - Leibniz Institute for Economic Research shows that wind turbines can lead to falling prices of single family homes in the immediate vicinity. The value of a house one kilometer away from a wind turbine drops on average by a good 7 percent. For the study, the RWI has evaluated almost 3 million sales offers 
21 Jan 2019

Building wind turbines where they’re not wanted brings down property values

This study also addresses underlying reasons for the lack of consensus across related studies in other jurisdictions. There are a number of potential contributing factors, including the possibility that differences in attitudes toward wind energy may influence the likelihood of property value impacts. Areas with greater opposition to wind energy development may be more likely to experience negative impacts on property values. I examined the degree to which differences in attitudes influenced property values in Ontario.
8 Jan 2019

Property and wind turbines: A missing point in the discussion

A landowner has the right to install a wind turbine or anything else on his property but he has the responsibility to make sure it doesn’t harm his neighbors. Scientific studies suggest that low-frequency noise from wind turbines, for example, may make people sick ...If that turns out to be true, the landowner should be forced to take steps to prevent such harm, 
7 Jul 2017

Clarkson study: Henderson could lose $40 million in property value from Galloo Island wind project

Because Henderson wouldn’t receive any tax benefits from the wind project, its impact would be largely negative — especially for the value of waterfront properties. The analysis of property values in Henderson was based on a review of the impacts of the Wolfe Island Wind Farm on properties in Jefferson County, ...Based on the sale of 26 properties in Jefferson County with a view of the turbines on Wolfe Island, the analysis found that the value of the properties depreciated by about 15 percent after the wind farm became operational in 2009.
5 Apr 2016

Wind farm and property values: continued

McCann said he was hired to appraise a house in June 2011 in Mason County, Michigan, where representatives from the Lake Winds Energy Farm Project had been negotiating leases with property owners; however, they had not yet applied for permits with the county. ...A 476-foot turbine was built 1,139 feet from the residence, and the 56-turbine Lake Winds Energy Farm Project became fully operational in November 2012, McCann said. “After three years on the market and several price drops, this house ended up being sold for 40 percent of what it was originally worth,” he said.
7 Mar 2016

Apex's land value impact claims are deceiving

In Apex’s glossy brochure, the Wyoming County property that’s listed as having sold for $245,000 happens to have been mine. Apex conveniently left out the most important facts about the property: It was a 93-acre farm, sold for $245,000 on June 11, 2013, prior to completion of the 58-turbine Orangeville wind factory that was being constructed. The new owner subsequently broke up the property into three parcels ...The combined assessed value of the three parcels is now $205,000. That’s a $40,000 or nearly 20 percent loss of value after the Orangeville wind factory was built.
15 Oct 2015

Residential wind turbine lawsuit dismissed

A lawsuit regarding the 411-foot wind turbine in the North Kingstown Green subdivision off Ten Rod Road in North Kingstown has been dismissed.Under the terms of the agreement with the Newcombes, ...DePasquale’s (turbine owner) lawyer argued the Newcombes broke the terms of the contract when they discussed the terms of the settlement, the turbine and their displeasure with it with a potential buyer. It also was argued DePasquale “suffered damages including the loss of a potential purchase of the property.”
20 Aug 2015

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