By SAM INGLOT
Capital News Service
LANSING—Michigan counties with wind farms stand to lose millions of dollars in property tax revenue due to a recent change in tax policy. Wind turbines are considered industrial personal property and taxed on their market value, said Rep. Kurt Damrow, R-Port Austin. Formerly each turbine’s tax liability was based on 100 percent of its value for the first year and depreciated over 15 years until bottoming out at 30 percent. But the State Tax Commission changed the tax code in early December so that turbines are now taxed at 80 percent on the first year and that drops to 30 percent within five years, Damrow said. The loss of tax revenue is significant in counties where large wind farms are under development.