PLYMPTON-WYOMING — Wind turbines in your municipality could be a huge tax windfall.
One township is asking the province to change how turbines are assessed for taxation.
Plympton-Wyoming chief administrative officer Carolyn Tripp said her Lambton County township took in about $39,000 in tax revenue from its 20 turbines last year. According to Tripp, that number could jump to an astonishing $1.3 million.
Taxes are paid by the wind companies that own the turbines, and not the farmers who rent out the land.
When the Green Energy Act passed, the government also changed the assessment act: Turbines were assessed at about $50,000 per megawatt of capacity.
Undoing that change and letting them be valued like other properties would see the companies that own them pay far more in municipal taxes.
