John Miner, London Free Press
Chalk up a win for wind energy proponents. In the heated debate over whether industrial wind farms damage property values, the latest Ontario study concludes the giant turbines have “no statistically significant impact” on the sale prices of residential properties.
The study by the Municipal Property Assessment Corporation (MPAC), the government-appointed body that administers the province’s property assessment system, contradicts other studies that found the turbines knocked as much as 35% off the value of surrounding homes. In reaching their conclusion, MPAC used 2012 as a base year and examined 15 market areas with industrial wind turbines, including Elgin, Middlesex, Oxford, Huron, Perth and Lambton counties and Chatham-Kent.
To back their study, MPAC asked an outside expert to review their conclusions. The analysis by Robert J. Gloudemans, a property tax and assessment consultant from Phoenix, Ariz., found the presence of wind turbines had a minor impact on property values with properties within one kilometre of a wind turbine tending to be about 4% lower. Read article