Multi-Residential Property Taxation
A Multi-Residential Sub-Committee was established in 2007 to thoroughly review the property taxation of the multi-residential property class. The sub-committee is made up of Council members, tenant’s advocates, landlords, homeowners/ ratepayers and representatives from the business sector. The sub-committee has received presentations from staff, the Municipal Property Assessment Corporation (MPAC) and landlords, addressing issues such as; tax ratios, taxes per multi-residential unit, comparison to residential taxes, comparison to other municipalities, rents, assessment, etc.
Attached is the latest staff report on Multi-Residential property taxation. (Select Report to View).