The close proximity of the industrial wind turbines will instantly impact property values, especially the value of non-participant properties, and not for the better. Several recent independent studies have stated that, on average, real estate values drop by 20%-45% when industrial turbines are near the property. Although the effects are most significant on home within a half-mile of an industrial wind turbine, the effect on property values typically extends two miles from the wind farms. Some studies have shown negative effects even outside of a two-mile radius.

• During the March 2013 BZA hearings on the second wind farm proposal for Tipton County, Michael McCann, a licensed real estate appraiser from Chicago, presented his findings to Tipton County. He has performed numerous studies and analyses on the effects of wind farms on nearby property values.
• A recently revised 2012 study performed by E.ON Energy Research Center, a partnership between RWTH Aachen University and E.ON in Germany, concludes that proximity "indeed causes significant negative impacts on the surrounding property values" (pg 21-22).
• Lansink Appraisals and Consulting in Ontario, Canada concluded a study in October 2012 that revealed a negative impact of 22%-58% on properties within two different wind farms in Canada.
• A 2009 study (pg. 5) performed by Appraisal Group One in Wisconsin concluded property values dropped by up to 43% for properties nearest to the turbines. They have also prepared a more recent summary of their research.

Studies used by wind developers such as the Lawrence Berkeley National Laboratory study and the Hinman study use an abundance of properties up to ten miles from wind farms to skew the results and determine there is no significance on overall property values. Still, when using the same data sets, the properties closest to the wind farms show the same significant property value losses seen in independent studies.

• Members of Tipton County Citizens for Responsible Development presented a detailed analysis and rebuttal of the property value studies submitted by most developers.

Our homes are our personal investments. We invest time, energy, and finances into maintaining and improving our property. The current ordinance does not protect non-participating property owners from diminishing property values.