Property Value





  • Loss of value to real property due the erection of wind turbines. An erector of a wind turbine has a duty to pay compensation for loss of value of real property following the erection of the wind turbine. The size of the loss of value is determined by an appraisal authority. If a property loses more than 1 per cent in value due to the erection of new wind turbines, the owner is ensured full compensation for his loss. Danish Enery Agency

  • HAMMOND — Iberdrola Renewables is threatening to pull its plans for a wind farm here if the Town Council passes rules it deems "unworkable."The board is considering a law proposed by the town's wind committee that would require Iberdrola Renewables to compensate property owners who see drops in their land values because of the presence of wind turbines. The proposal also requires the company to buy out any property owner who objects to living near a turbine."If there aren't any negative effects to property values, then they are no worse for wear if this agreement is included," wind committee chairman Ronald R. Papke said. WatertownDailyTimes

  • 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 the page at Windaction

  • REALTOR'S REPORT: Proposed turbine projects put damper on residential property sales in Cape Vincent Sales records show that Cape Vincent has had a steeper decline in residential property sales than its neighbors and real estate professionals are starting to blame proposed wind power developments. "People do not want to buy near windmills," said Amanda J. Miller, owner of Lake Ontario Realty, Dexter, who specializes in waterfront property sales. "They avoid purchasing in towns like Cape Vincent." WatertownDailyTimes

  • FLANAGAN — A public hearing on a proposed wind farm near Minonk was put on hold Thursday until June 16 so the Livingston County Zoning Board of Appeals can ask questions about the impact of turbines on property values. Pantagraph

  • While wind turbines add value to land, they can cause a steep drop in housing prices, said Chris Luxemburger, president-elect of the Brampton Real Estate Board. He examined 600 houses near Shelburne, Ont., 100 kilometres northwest of Toronto, over a three-year period to compare sale prices of residences within a 5.5-kilometre“ windmill zone” to those outside the reach of the energy-producing giants.His report found that homes in the turbine zones sold for an average of $48,000 lower than their counterparts, that zone homes sat on the market for twice as long, and that 11 per cent of zone homes remained unsold versus three per cent elsewhere. The Province

  • Dan MacLure of Century 21 Farm and Forest has shown Don and Shirley Nelson's farm at the base of Lowell Mountain for some time. It is listed at $1.5 million. At that price, for land on the historic Bailey-Hazen Road with sweeping views, it should have sold by now, MacLure said Thursday evening. Instead, prospective buyers look, but when they learn that wind turbines are likely on the Lowell ridge line, they do not buy it, MacLure said. Windaction

  • Residents claim wind turbines have depreciated the value of their homes. Some Wolfe Island residents are challenging their tax assessments, claiming that 86 wind turbines installed in the community have hurt property values but a spokesman for the Municipal Property Assessment Corporation says the agency has seen no evidence to support the homeowners' requests. WHIG Standard

  • Before using rural taxpayer dollars to help Wall Street bankers, the county and JCIDA need to do more work. At a minimum we must ensure 1)that we get the best economic deal possible; 2)that the project complies with the law; 3)that the developer won't use eminent domain to seize our neighbors' property; 4)that we minimize the negative impacts to property values and waterfront communities, and 5)that we consider the alternatives to this type of industrial development. WatertownDailyTimes

  • Ask folks around the Beaver Ridge machines who had to move away because of noise day and night. And other communities have had their real estate values affected by these wind complexes. The building inspector for the Township of Lincoln in Kewaunee, Wis., compiled a list of home sales from 2002 to 2004. The list compared the property's selling price as a function of the distance to an existing wind farm in the area. The conclusions were: 1. Sales within 1 mile of the wind farm prior to the installation were 104 percent of the assessed values and 2. Properties selling after the wind farm introduction in the same area were at 78 percent of the assessed value. waldo.villagesoup

  • The promise of jobs went mostly to large corporations and their employees from mid to southern Maine. Most local crews did not have the expertise to meet the needs of the developer. They told us that property values tend to go up when turbines move in, but appraisals show a 20 percent to 50 percent devaluation of property depending on proximity and visibility of the turbines. One appraiser even said that some of our properties might never sell." A Message from Mars Hill" by Wendy Todd. Windaction

  • Denmark: public policy regarding loss of value to real property due to wind turbinese. An erector of a wind turbine has a duty to pay compensation for loss of value of real property following the erection of the wind turbine. The size of the loss of value is determined by an appraisal authority. Windaction

  • David MacKay: Sustainable Energy - without the hot air. A fabulous website with lots of information. Check it out at: www.withouthotair.com

  • The study found property values have fallen by at least 19% for sales of land near the We Energies wind farm in Fond du Lac County, and at least 12% for sales of land near Invenergy LLC's Forward Wind project in Fond du Lac and Dodge counties, a report by Appraisal Group One says. JS Online

  • Proximity to turbines leads to lower assessments, then higher taxes...There are two issues which the citizens of Prattsburgh -- and any town considering wind turbines -- need to consider. Yes, adjacent non-participating landowners will be ruined, hosed by the developers big-time. The 60 percent lowering of our assessment is peanuts compared to what will happen to the value of homes in the shadow of noise-making, health-threatening industrial wind turbines. What the rest of our fellow property owners in town need to realize is this: They will have to help foot the bill. Windaction

  • Property aalues could drop if windmills rise. Susan Overmyer, media relations for the Eco Awareness Society, said several recent studies show home values could deteriorate by “20 to 30 per cent” if turbines are built in the proposed area. Go to The News

  • Green Backlash: The Wind Turbine Controversy...As the nation rushes to add renewable energy to its power portfolio, a growing chorus of homeowners and others are expressing concerns about how industrial wind projects are affecting health, safety, lifestyle and property values. Bobvila

  • Regardless of whether wind energy projects are located on public or private land, they would affect a number of recreational activities and can affect recreational access in different ways. The degree to which proposed wind energy developments would provide for or restrict public access and recreation is an important issue that requires careful consideration Land Use and Recreational Impacts





Taxes



  • When the value of the land is going to drop as many people fear, including realty professionals, the difference will have to be paid by the rest of the community eg. by the local residents!

  • The Town of Lincoln is poised to provide a massive, unnecessary subsidy to First Wind for its “Rollins” project by the proposed Tax Increment Financing (TIF). TIF is a useful economic development tool when used in a proper way. Right here in Lincoln are two of the finest examples of TIF used properly. The expansion of LP & T for its new tissue machine assisted the mill to be more competitive and provided a good number of new union-scale jobs. The proposed development of the downtown area where the great fire was addresses blight and expands needed low-income housing. These were worthy TIFs. The TIF for First Wind is another matter. Unlike LP & T, which is an expansion of an existing business that is the economic mainstay of the region, and unlike Lincoln competing for a desirable business to locate here instead of another community, TIF should not be used to help First Wind FOLL position on TIF

  • TIF is not a tax planning tool, it is yet another form of subsidy.  If a sprawling industrial wind site is going to change the character of a community and destroy what people value, then not only should the company pay its full amount of taxes, there should be a substantial annual impact fee as well.  Using TIF to prop up a company that many people do not want in their town is a bastardization of the intent of TIF. Regarding your perspective on subsidies and telling people to check the stats, here you go.  According to the US Energy Information Office in 2007, wind energy was subsidized at a cost of $690 million, which worked out to $23.37 per megawatt produced. This compares to federal subsidies of 67 cents for hydroelectric and 25 cents for fossil fuel per megawatt produced. The industrial wind industry would not exist without tax equity financing, production tax credits, double balance 5 year accelerated depreciation, guaranteed access to markets from Renewable Energy Portfolio schemes from the states, and the ability to sell so-called renewable energy tax credits to companies that pollute. It is an incredible array of money making schemes and scams on the taxpayers and ratepayers.


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