As a result of the COVID-19 pandemic, there have been significant changes to property tax assessment in Ontario for 2020.
The following are the highlights of the current changes:
2020 Property Tax Appeal Deadline extended to September 28, 2020
If you have put-off appealing or otherwise been in the questionable camp of suggesting “is it really worth it?”, now is the time to act through a Request for Consideration (RFR).
If you do not already have open or pending appeals/ reconsideration requests for the 2017-2021 assessment cycle, please be aware that the appeal deadline of March 31, 2020 has now been extended until September 28, 2020 via an RFR with the Municipal Property Assessment Corporation (MPAC).
Protect your ability to seek further potential 2020 tax adjustments by taking advantage of this critical opportunity to file a new 2020 appeal for any asset that has been severely impacted by COVID-19.
Ontario’s planned reassessment for the 2021-2024 assessment cycle based on 2019 values has been delayed by at least one year. Assessments for 2021 will continue to be based on current value at January 1, 2016, but will be updated to reflect any additions or improvements to properties. This change was announced as part of the March 2020 Economic and Fiscal Update. The province is reviewing its policies with regard to the next reassessment and further changes may be forthcoming in the months ahead.
Assessment Review Board Appeal proceedings reinstated
The Ontario Assessment Review Board (ARB) has reinstated the Schedule of Events for all outstanding appeals effective June 1, 2020.
This means that outstanding property tax appeals at the Assessment Review Board are now actively moving through the system, although all appeal timelines have been delayed by approximately four months as a result of the “suspension” of dates, which was in place between mid-March to May 30th.
The ArGil team has been actively working on appeals for their clients continually, as MPAC and municipal representatives, for the most part, were still actively working and engaged in the process of moving appeals forward, and, in some cases, resolving appeals.
If you should have any questions or concerns regarding any property tax matters, please do not hesitate to contact either:
Be Safe. Be Well.