I have vacant space - is there anything that can be done about my property tax
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Ontario’s vacant unit rebate for property tax is going away, and I have big dead buildings. Can anything be done?
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Where do property tax assessments go wrong? So many ways...
"I don't have to pay any Ontario property tax!" (Yeah, you probably do)
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The internet is full of scams. This is not some exciting revelation - we all know this. Yet, in the area of taxes, many still fall for promises that are too good to be true. Sometimes these scams even relate to property taxes.
Read MoreMPAC refuses to disclose potentially relevant information, and the Assessment Review Board agrees
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“He submits that it is the lawful right of the Board and the assessed person to question the accuracy of the data base and the interpretation of this data by MPAC. “
Read MoreWhen it comes to property tax assessment appeals, watch the deadlines...
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In this case all three parties seem to need (or want) more time. The Assessment Review Board was having none of it.
Read MoreIn Ontario, Property Tax Assessment appeal deadlines are VERY important
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“The City had the ability to appeal the 2013 assessment and chose not to do so. It is fair that they bear the cost of that failure.”
Read MoreOntario Property Tax Assessment - What is "Market Value" anyway?
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The last part of the definition (of current value) – “by a willing seller to a willing buyer” – that is simple enough. Isn’t it?
Read MoreFunctional Obsolescence
/One of the most frequent issues identified in assessment appeals is functional obsolescence. In short, when the building you have is different from the building you should have, there is likely obsolescence. Has the use of your building changed since it was constructed? Is your building too big? Too small? Poorly laid out for your purpose? Do you have parts of the building that are unusable? Is your building taller or shorter than you need? The answers to these and other questions may indicate the presence of functional obsolescence.
Not every case of functional obsolescence looks like the picture below. In many cases the inefficiency is easy to miss - and may very well have been!
Properties like this have had property tax assessments based on full value.