Huron-Kinloss council wants the province to raise the assessment value of industrial wind turbines. At the council meeting on Mar. 17, the township endorsed a letter sent by the Multi-Municipal Wind Turbine Group to the Ontario finance minister calling to increase the base assessment value of $40,000 per installed turbine.
“The generally recognized cost of the foundation and tower for a 1.5-megawatt wind turbine is $800,000. The base cost assessment should more closely reflect this reality,” the letter says.
Provincial regulations keep the assessed value of turbines artificially low, limiting the funds municipalities can collect in property taxes and giving industrial wind turbine operators the financial resources to offer “strings attached” vibrancy funds, it says. Read article