Sarnia 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
But they don’t take into account the properties that don’t sell, do they? There should be some kind or formula or mechanism to deal with that.
I can dream.
So MPAC needs to do another study to determine whether having an Industrial Wind Factory impacts the value of our homes. Would you have to do a study to determine whether placing a hog rendering plant or a nickel smelter RIGHT NEXT TO MY HOUSE will effect it’s value Tim Brown?
I don’t know whether to laugh or cry when I read anything put out by the MPAC or this Provincial Government.
Will it include homes that were sold to the wind developers out of desperation? I wonder if those prices were transparent and accurate…
Not likely, as that kind of honesty doesn’t suit the agenda of MPAC and the current government. I sure hope I am wrong though.
mpac just devalued our property by $47000, could it be because the 4 turbines that are 3 km away from the house??? hope my property taxes go DOWN accordingly, but will they hmmmmmm
Should this new MPAC study have the audacity to
claim that IWT’s do not impact property values, we
can safely conclude that our government is corrupt
beyond reproach.
Face it ,this government is corrupt it is a corporation hell bent on smelling money as an addiction.
The big banks are corrupt by lending out money out of thin air also bent on slaving us to death
Government even made you a corporation and monetized your fictional BC and is acting in fraud. It keeps going so yes government is corrupted.
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