Thursday, September 20, 2012
Who owns the view?
Funny that property values is used as the trump argument on both sides of the debate about windfarms! Nevertheless, the article obliquely raises some interesting LVT issues. If a landowner gets a big financial gain from subsidies to put in windfarms, but it is to the detriment of nearby homeowners, who should pay? If the council controlled both, and saw its LVT go up markedly from the windfall land, but go down even more from each of the nearby properties, the council would decide that a windfarm was not the best use of resources.