For municipal governments, property tax is the main source of revenue to support the delivery of community services. Understanding the complexities around property tax and assessment is an important aspect to many municipal finance staff and as such, MFOA's Property Taxation in Ontario: A Guide for Municipalities provides a high level introduction on property taxation. See below for the Guide as well as other resources.

MFOA believes that when looking at property assessment approaches, a number of key principles should be taken into account such as fairness; accuracy; transparency; predictability and stability; and, timeliness and feasibility. Methodologies should be consistent and produce a current value assessment that reflect the real market value of the property. Likewise, assessment methodologies should be transparent with its data sources and the final assessments should have a degree of stability for the benefit of both ratepayers and governments.






Resources
 
Doc File NameDocument TitlePub DateTag Name Document Description
MFOA_Policy_Projects/s357.aspxMFOA Receives Clarification on s. 357(1)(d) of the Municipal Act, 20014/26/2021 12:00:00 AMPolicy Property Tax AssessmentMFOA has received clarification from the Ministry of Finance on s. 357(1)(d) of the Municipal Act, 2001 and s. 323(1)(d) of the City of Toronto Act, 2006
MFOA_Policy_Projects/MFOA_Comments_on_2020_Provincial_Budget_Changes_to_the_Property_Tax_Regime.aspxMFOA Comments on 2020 Provincial Budget Changes to the Property Tax Regime1/14/2021 12:00:00 AMPolicy Property Tax AssessmentMFOA has submitted comments to the Ministry of Finance outlining concerns with the reduction of the Business Education Tax (BET) rate to 0.88% in 2021; and the creation of a new optional small business property subclass.
MFOA_Policy_Projects/2020_Reassessment_Hub.aspx2020 Reassessment Hub4/2/2020 12:00:00 AMPolicy Property Tax AssessmentMFOA, in partnership with the Municipal Tax Experts (MTE), are providing our members with various resources to help the strategic CFO prepare for the 2020 reassessment and its implications. This Hub page will be regularly updated with new resources.
MFOA_Policy_Projects/New_ARB_Rules_Of_Practice_And_Procedure.aspxNew ARB Rules of Practice and Procedure - Municipal Impacts6/5/2019 12:00:00 AMPolicy Property Tax AssessmentThe Assessment Review Board has made changes to their Rules of Practice and Procedure. Changes are effective as of April 1, 2017.
MFOA_Policy_Projects/MFOAs_Submission_on_Landfill_Assessment_Methodology.aspxMFOA's Submission on Landfill Assessment Methodology8/7/2016 12:00:00 AMPolicy Property Tax AssessmentThe Ministry of Finance is undergoing consultations to develop a methodology for the assessment of landfills in Ontario. MFOA, in partnership with AMO, have submitted a response to these consultations.
MFOA_Policy_Projects/MFOA_Board_Approves_Ideas_for_Improving_Provincial_Land_Tax.aspxMFOA Board Approves Ideas for Improving Provincial Land Tax7/28/2016 12:00:00 AMPolicy Property Tax AssessmentOn September 18th, 2014, the MFOA Board of Directors approved a preliminary series of ideas for improving tax equity between incorporated and unincorporated Northern communities through Provincial Land Tax (PLT) reform.
MFOA_Policy_Projects/Property_Taxation_in_Ontario_A_Guide_for_Municipalities.aspxProperty Taxation in Ontario: A Guide for Municipalities7/22/2016 12:00:00 AMPolicy Property Tax AssessmentThis property tax guide was produced by MFOA in 2012 to serve as a primer and high level introduction to property taxation in Ontario. It provides a high level overview of property taxation for those who are new to the field.
MFOA_Policy_Projects/Assessment_Issues_and_Solutions.aspxAssessment Issues & Solutions5/26/2016 12:00:00 AMPolicy Property Tax AssessmentAccess the report of MFOA's MPAC Working Group, which unpacks priority MPAC issues, key performance indicators and other recommendations for improving the assessment system.
 Questions? Contact:
Christine Duong
christine@mfoa.on.ca
416-362-9001 ext.230
 

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