MPAC waiting on turbine study

mpacSarnia Observer
[excerpt] Property owners living with wind turbines on or near their land are watching for new study results expected by the end of February. MPAC (Municipal Property Assessment Corporation), the agency that sets property values for tax purposes, has taken a second look at whether wind turbines impact assessment. A similar study carried out in 2008 concluded there was no impact.

However, the results could be different this time around because there have been more sales, more turbines and a larger area has been studied, said Tim Brown, MPAC’s manager of property values for special and institutional properties. He was a guest speaker at county council Wednesday and said assessed values are directly related to recent sale prices.

If the study concludes property values are impacted by wind turbines, MPAC will need to adjust assessments accordingly, Brown said. There are currently 36 wind farms in Ontario that range in size from one to 110 turbines. Read article

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Posted on February 12, 2013, in Green Energy Act, Municipalities, Property value, Sarnia Observer. Bookmark the permalink. Leave a comment.

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