Council Approves Tax Assessment Reforms - Administrative Policies Committee - 20 Apr 26

Council approved changes to the property tax assessment process intended to speed up when newly improved or newly occupied properties are added to the tax roll. As one speaker put it: “We also follow up as the city on every permit that has taken out to make sure that MPAC is aware of the properties when they do change status, become occupied, and we get the property on to the tax role as quickly as possible.”

Topics Discussed

PROPERTY TAX ASSESSMENT PROCESS: Council approved a process tied to building permits and occupancy/closing that is intended to prompt the Municipal Property Assessment Corporation (MPAC) to assess and revalue properties once they are improved and occupied. The city said it will “follow up … on every permit” to ensure MPAC is notified when properties “change status, become occupied,” with the goal of getting the property “on to the tax role as quickly as possible.” The change means property owners who complete permitted work may see updated assessments—and resulting tax changes—sooner after the work is finished and the property becomes occupied.

TAX DEFERRALS: Council considered and approved an item relating to tax deferrals pursuant to the Municipal Act, 2001.

FERRITOCREST HOME BOARD OF MANAGEMENT: Council approved a motion to rise from committee regarding the Ferritocrest Home Board of Management.

Motions

Passed: - Motion to rise from committee regarding Ferritocrest Home Board of Management (moved by Councillor Hassan, seconded by Councillor Shaves) — Approved unanimously
- Item relating to tax deferrals pursuant to the Municipal Act, 2001 (moved by Councillor Stephen, seconded by Councillor Ridge) — Approved unanimously

Attendees

• Councillor Hassan
• Councillor Shaves
• Councillor Stephen
• Councillor Ridge