WIND CONCERNS ONTARIO News release
The year-late report from the Municipal Property Assessment Corporation (MPAC) on the effect of wind turbines on Ontario property values is nothing more than a self-serving exercise by bureaucrats to serve their government masters, says Wind Concerns Ontario.
President Jane Wilson, who consulted with real estate appraisers and finance professionals, commented that “the reality is, as anyone knows, no one wants to live near a wind turbine. But the government doesn’t want the voting public to know more about the negative effects of what they’ve done with their wind power program. So, the bureaucrat assessors at MPAC took their time, and came up with the answer the government wants—no impact on value.”
Instead of using comparison to actual sales as real estate appraisers do, the assessment staff at MPAC used a mathematical methodology called multiple regression analysis. “Unlike actual comparisons to sales, this type of analysis can be manipulated to get the ‘right’ answer,” Wilson explains. “They left out sales before 2008, they only studied turbines of a certain size, and they completely excluded homes that have been abandoned and purchased by the wind power developers.”
The MPAC study also does not include properties that are listed for sale but never sell. “You can’t measure what didn’t happen,” Wilson adds.
The purpose of the study was to justify MPAC’s refusal to add wind power developments as a factor in assessing property value, although the corporation does factor in other less desirable features such as quarries, garbage dumps and other industrial facilities.
“Taxpayers paid for this study which will now doubtless be used by their own government against them, as they seek re-assessment of their properties, or even go to court for lost property value,” Wilson said.
Read more from WCO.