MPAC Report: Wind Turbines Have NO Negative Effect On Home Values

MPAC is the Municpal Property Assessment Corporation.  They determine what each piece of property in Ontario is worth so that the various local governments can hit you up for taxes.  Several years ago they were asked to do a study to determine what if any effect the placement of wind turbines had on the value of neighboring properties.  They released their report yesterday.  From its executive summary:

Conclusions 

Following MPAC’s review, it was concluded that 2012 CVAs of properties located within proximity of an IWT are assessed at their current value and are equitably assessed in relation to homes at greater distances. No adjustments are required for 2012 CVAs. This finding is consistent with MPAC’s 2008 CVA report. 

MPAC’s findings also concluded that there is no statistically significant impact on sale prices of residential properties in these market areas resulting from proximity to an IWT, when analysing sale prices. 

I'll give the thing a good read, and may write more on it later.  But this result should be unsurprising.  In almost every case where MPAC has been taken to the Assessment Review Board on this issue, the same determination has been made.  Wind turbines do not bring down the value of adjacent properties.  This one can serve as an example.  What the MPAC study shows is that, overall, their assessors know their job.