Friday, April 18, 2014

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:

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. 

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