We keep hearing how this warehouse will keep our property taxes down — and we’ve no evidence of this, by the way — but what is the trade off? What is the benefit of lower property taxes if our homes end up being worth less? Besides the fact that the former is something we never really see the benefit of (negligible savings) while the latter is directly impactful to our future ability to move or invest in our future?
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Truck noise may be the aspect of a warehouse with the greatest effect on residential property value. With regard to noise and property value, researchers concluded the following in a 2021 study entitled An Analytical Framework for Evaluating Potential Truck Parking Locations:
“Increases in noise pollution are inevitable in such a case where dispersed idling trucks are centralized into the new or expanded truck stops…
Mandated by the Federal Highway Administration, maximum noise levels for large trucks are not to exceed 85 dBA (decibel) 50 feet away. Combined, this data can be used to approximate sound values over different distances. For every 2.5 dBA increase in noise levels above 55 dBA, residential property values are assumed to decrease by 0.2% to 1.2% (Palmquist, 1980).
If a home is located 400 feet from the portion of a warehouse site where trucks would be idling the noise level could be 67 decibels, which is 12 decibels above the 55 decibel acceptable level for residential areas, which could result in a 5.7% decline in home resale value.If the warehouse can be seen from the home then a further decrease in property value may result.”
2021 study, Scholars Journal
This proposed warehouse will have over 200 loading bays.
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