MPAC documents show some Wolfe Island property values plummet by over $100,000

An article in the Mitchell Advocate last week referenced MPAC lowering assessments on Wolfe Island.  Quixotes Last Stand now provides some specific properties.

MPAC documents show some Wolfe Island property values plummet by over $100,000 | Quixotes Last Stand:

Here are the addresses of residents (near the wind project) who were granted assessment reductions of over $100,000 by MPAC in the Township of Wolfe Island from 2008 until Jan. 2012.

Reduction

82 – Oak Point Rd. -$118,000
23 – Nine Mile Point Rd. – $143,000
429- Nine Mile Point Rd. -$119,000
433 -Nine Mile Point Rd. -$117,000
496 -Nine Mile Point Rd. – $107,000
136 – Lucas Point Lane – $101,000

Some of these properties are on Wolfe Island and the rest are on Simcoe Island. Simcoe Island is located just off the west end of Wolfe Island where the Wind Project is sited (see map attached). According to an e-mail I received from Gail Kenney (the prominent resident appealing their ARB decision on Wolfe Island) the Wind Project can be seen and heard from most of the south shore of Simcoe Island. She indicated that property sales have all but shut down on Simcoe Island. She now has this list from MPAC as well (they did not have it at the time of their ARB hearing).

Read the rest of the article at Quixotes Last Stand:

The Kenney’s MPAC assessment  appeal was reported on a number of places, including here.
Notably, and unusually for a property assessment appeal, MPAC had a lawyer as did the Township of Frontenac Islands.
Perhaps the lawyers were procured not because MPAC felt the Kenneys were wrong, but because they felt the Kenneys were right.

Do wind turbines affect property values?

The County Coalition for safe and appropriate Green Energy website has an informative post on property valuation

Do wind turbines affect property values? CCSAGE pec wind turbine news #1 source:

…some real estate agents report that they can’t even get prospective purchasers to look at properties situated within several kilometres of a proposed wind project.

Consider your own situation. Would you buy such a property — at the right price or at any price, or would you look elsewhere? In an October, 2011 CBC News poll, two-thirds of respondents said that they would not live near wind turbines.

When there are few potential purchasers, market values become depressed, perhaps severely. The general consensus is that the market value of a home within 2 km of a wind turbine will be depressed by 20% to 40%, depending on how close and how many turbines. In an extreme situation (e.g. 10 turbines within 2 km) a home may not be sellable at any price.

[This link] provides further links to more than 50 articles on property values near wind turbines, including several on the topic of market value guarantees…

However, if you only have time to read one article, it should be this one, published by CBC News on October 1, 2011 and titled Ontario wind power bringing down property values .

Read the entire entry at CCSAGE pec wind turbine news #1 source