For many GTA homeowners, property taxes are an unavoidable fixed cost. However, industry experts suggest that Ontario’s long-standing assessment freeze—in place since 2016—has created potential discrepancies that could be costing you money. With the Municipal Property Assessment Corp. (MPAC) pause continuing, many homes are being taxed on outdated valuations, while others may contain factual errors regarding square footage or property features.
Experts like Raymond Williams of the Canadian Property Tax Association note that if you’ve recently added a pool or basement, or conversely, if your home’s footprint has changed, your assessment may no longer reflect reality. While you can’t appeal simply because you dislike the bill, successful appeals based on factual or equity data can result in tax refunds ranging from 3% to over 20%. Before filing, it is crucial to gather concrete evidence to support your claim. Read the full report at CTV News to learn how to audit your assessment.
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