Wind Turbine Group Told of Falling Property ValuesOctober 13, 2015 12:48pm
A member of the Multi Municipal Wind Turbine working group says an assessment of property values confirmed a 25% property devaluation due to industrial wind turbines.
Dave Hemingway says he had confirmation from the Municipal Property Assessment Corporation of a steep drop in property values.
However, Hemingway was told by the assessor that his MPAC boss did not want wind turbines considered in property value.
Hemingway adds he has been having trouble getting any official information released since he started dealing with MPAC on the issue in 2011.
He says he has had hearings with 7 different chairs during that time.
He also says the property devaluation will affect the municipal tax base in regions where turbines are built.
Meantime, An assessment review board is hearing the case of property owner Shawn Drennan who has turbines near his home in Ashfield Colborne Wawanosh