Ontario’s Frozen Property Assessments: Why a Tax Shake-Up Is Coming for Homeowners
Key Takeaways Ontario property taxes are still calculated on what homes were worth on January 1, 2016. Average Ontario home prices have risen about 91% since that last assessment, according to National Post columnist Randall Denley. A reassessment doesn’t raise total municipal revenue, but it shifts who pays what. Some bills will rise and others […]
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