Ontario

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Doug Ford’s compromising Ontario’s economic competitiveness with property assessment delay, business leaders warn (www.thestar.com)

submitted 2 years ago by Grappling7155 to c/ontario

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The province said it’s focused on “maintaining stability for taxpayers” and the “postponement does not have a financial impact on municipalities.” (By Kenyon Wallace, Diana Zlomislic / Toronto Star)

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[–] Grappling7155 11 points 2 years ago

The Netherlands has annual reassessments, Denmark’s are biannual, and Sweden’s are every 3 years.

It’s been 6 years in Ontario.

Fair and productive property taxes require both good initial assessment and periodic re-evaluation to reflect changes in value.

These delays are contributing to an unfairness in our tax system and subsidizing the rich at the expense of the poor.

See this paper for more great information on property taxes and their reform: https://tspace.library.utoronto.ca/bitstream/1807/81246/1/imfg_paper_21_slack_bird_sept19_2015.pdf