Mono Council Discusses Lobbying Efforts to Reinstate Property Assessments
1 report, 1 independent
Updated Thu 00:00
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What happened
Lobbying efforts are underway to persuade the province to reinstate regular property assessments, which have been stalled for a decade. Councillor Melinda Davie stated during the council’s September 22 meeting that property taxes based on 2016 assessments needed updating. These evaluations are carried out by the Municipal Property Assessment Corporation (MPAC).
From citizen.on.ca
Why it matters
The process involves a review of property valuations, which determine a property’s worth based on various factors. This valuation, combined with the municipal tax rate, sets the annual tax levy for homeowners. The lobbying efforts call for a province-wide reassessment to begin in 2027.
From citizen.on.ca
Who's involved
- Municipal Property Assessment CorporationOntario government agency responsible for property valuation evaluations
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The entities involved
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Municipal Property Assessment Corporation
Ontario government agency
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