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 May 29, 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 an appeal or request for consideration.
If you do not already have open or pending appeals/ reconsideration requests for the 2017-2020 assessment cycle, please be aware that the appeal deadline of March 31, 2020 has been extended until May 29, 2020. The Municipal Property Assessment Corporation (MPAC) Request for Reconsideration deadline has been extended to May 27, 2020 as well.
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 suspended
The Ontario Assessment Review Board (ARB) has suspended appeal procedures until the end of Emergency Order (O.Reg.73/20), which is currently May 12, 2020.
This means that outstanding property tax appeals at the Assessment Review Board have been “paused” and the case management timeline will only resume after the Board determines that the Suspension should be lifted.
However, given the foregoing, the ArGil team is still actively working on appeals for their clients as MPAC and municipal representatives, for the most part, are 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.