"McGuinty Government's Changes Encourage Renewable Energy Installations
Ontario is supporting property owners who install renewable energy technologies by improving property tax assessment policies for them.
The changes will provide greater clarity by creating additional categories for property tax assessment based on the size and location of energy generation. The move will encourage property owners to continue to install and use renewable energy technologies.
Ontario's property tax system encourages a sustainable and competitive environment for renewable energy, helping to create a cleaner province for families."
Wednesday, January 4, 2012
Property Tax Rules Discarded for Select People
Improving Property Tax System For Green Energy:
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What this means is that municipalities will have to raise their tax rate on all property owners to pick up the lost revenue from the reduction in assessed values on properties affected by the "renewable" energy values. The conclusion is that both ratepayers and taxpayers will chip in to make the McGuinty green dream a reality! This is madness.
ReplyDeleteAgain, this is the time to demand a non confidence vote at Queen's Park. McGuinty IS mad and Ontario is suffering because of it. We must march on Queen's Park by the thousands. We must demand that McGuinty step down. NOW!
ReplyDeleteSurely Mr. Hudak will support us. Our voices will not fall on deaf ears this time. The bubble has BURST.
Save Ontario...McGuinty's got to GO!
There are many exemptions in the property tax system. These exemptions for renewable energy equipment will not reduce tax revenues, as suggested by Parker. Rather, they will prevent increases in assessments on properties with renewable electricity generation, thereby avoiding tax increases for those properties. Property taxes are an operating cost. Removing this cost should leave more room for the FiT rates to be reduced.
ReplyDeleteInteresting comment.
ReplyDeleteI'm skeptical of the conclusion (the FIT rate reduction so vigorously opposed before seems a precedent that disputes a meaningful link between costs and contract pricing).
The FIT project proponent can already write off any increases in property taxes due to the FIT project, as a cost of doing business. This would seem to institutionalized the tax write-off in cases where there is no tax paid to write-off against.
This encourages productivity how?
An new article focused on the tax changes is at http://www.nawindpower.com/e107_plugins/content/content.php?content.9179 ... doesn't clarify things for me a whole lot for large scale, but the microFIT seems to be getting the break as I explained in the previous comment (when there is lower income this is better than the write-off).
ReplyDelete