VERMILION CO., IL. (ECWd) -
A couple weeks ago we wrote an article on a property that lost 56 percent of its value, and we claimed it was due to its proximity to a wind turbine farm (here).
At least one person took exception to that statement, and even drew the Vermilion County Supervisor of Assessments in to the argument. He even detailed how we were supposedly wrong in our article, but was unable to back up his claims.
Now we are at a point where we can show evidence that this same Supervisor of Assessments conducted two Real Estate Appraisals on a piece of property within the wind farm area around Fithian, Illinois, in Vermilion County.
Guess what happened with that appraisal?
That's right, the real estate lost 21 percent of its value in a little over two years. One appraisal was done in 2009 prior to the wind farm, and another, by the same appraiser, in 2011. Both appraisals were completed by Matthew Long, who is now the Vermilion County Supervisor of Assessments.
BEFORE @ $120,000
AFTER @ $95,000