Property Taxes

2016 Reassessment for 2017-2020 tax years

The 2016 reassessment reflects a legislated valuation date of January 1, 2016, for the 2017-2020 property tax years. The assessment update undertaken by the Municipal Property Assessment Corporation (MPAC) has resulted in a Region-wide overall increase of 27.00% as shown below.

Current Value Assessment Change to Full Destination CVA

Property class January 1, 2012 valuation January 1, 2016 valuation Percentage change
Residential $ 92,531,175,412 $ 118,211,601,665 27.75%
Multi-Residential $ 2,380,884,400 $ 3,254,465,000 36.69%
New Multi-Residential $ 35,506,000 $ 45,466,300 28.05%
Commercial $ 13,751,169,544 $ 16,427,671,700 19.46%
Industrial $ 2,789,354,388 $ 3,683,994,470 32.07%
Pipeline $ 227,022,000 $ 252,026,000 11.01%
Farmland $ 853,473,949 $ 1,084,082,500 27.02%
Managed Forest $ 40,188,345 $ 58,985,000 46.77%
Total Taxable CVA $ 112,608,774,038 $ 143,018,292,635 27.00%

The reassessment does not result in an increase in total property taxes collected by municipalities. Municipal tax rates are recalculated such that the same amount of total municipal taxes is collected based on the revised assessment values. The reassessment does however result in shifts in property taxes between properties.

Generally, if a property’s Current Value Assessment (CVA) increases more than the average increase in CVA, that property will experience an increase in property taxes. Conversely, if a property’s CVA increases less than the average increase, that property will experience a decrease in property taxes.

Resources

Upcoming Changes to Vacant Unit Tax Rebate Program

To help support economic growth and intensification, Halton Region is phasing out the Vacant Unit Tax Rebate Program currently administered by its Local Municipalities.

Background

In February 2017, the Region explored program changes in accordance with the Municipal Act, 2001, section 364. Staff engaged the Municipal Treasurers, Halton Economic Development Partnership and local Business Improvement Area representatives. These discussions identified that a phase-out would reflect priorities and support Provincial growth targets by:

  • fostering site redevelopment;
  • reducing vacancies and derelict buildings;
  • encouraging landlords to enhance properties; and
  • promoting equality amongst taxpayers.

The phase-out plan was approved by Regional Council (FN-11-17) and the Ontario Ministry of Finance.

Phase-out schedule

The program will remain unchanged for 2017 property taxes—the phase-out will occur in 2018 and 2019 to help mitigate the impact on local businesses.

Tax year 2017 2018 2019
Application deadline Feb. 28,2018 Feb. 28, 2019 ---
Rebate: No Change 50% Phase Out 100% Phase Out
Commercial 30% 15% 0%
Industrial 35% 20% 0%

Other business supports

To learn about community improvement programs and other tax relief programs, please contact your Local Municipality.

2017 Property taxes and policies

Local municipal taxes

Assessment

For more information on property taxes, e-mail taxes@halton.ca.