Due to COVID-19, the Province of Ontario has also decided to postpone the 2020 Assessment Update which would have seen MPAC update the assessed value of every property in Ontario this year. Instead, property assessments for 2021 will continue to be based on 2020 values, unless there has been a change to the property. This means that any reduction in property tax for 2020, will also apply to 2021, in effect doubling the amount of tax savings received.

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Daniel Attard
Attard Property Tax Services, Professional Corporation

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