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Ontario – Vacant Rebate and Reduction Programs

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You may be able to save your property taxes with Ontario Vacant Rebate and Reduction Programs. Ontario is now moving forward with providing municipalities broad flexibility for 2017 and future years to tailor the vacant rebate and reduction programs to reflect community needs and circumstances. Consistent with the plan to ensure that municipalities considering changes to the vacancy programs take into account the interests of local businesses, the Ministry has provided municipalities with the attached bulletin and checklist, which focuses largely on municipal engagement with the business community.

Since 1998, the Vacant Unit Rebate and Vacant/Excess Land Subclasses have provided tax rebates and reductions to property owners who have vacancies in commercial and industrial buildings or land.

Vacant Unit Rebates: The Vacant Unit Rebate provides a tax rebate to property owners who have vacancies in commercial and industrial buildings. This application-based program is administered by municipalities. The current rebate is 30% of the property tax for vacant commercial space and 35% for vacant industrial space.
Vacant and Excess Land Property Tax Subclass: Commercial and industrial properties or portions of these properties in the Vacant and Excess Land Property Tax Subclasses are taxed at a fixed percentage rate below the tax rate of the broad class. These properties are discounted at 30% to 35% of the full Commercial and/or Industrial rate.

Currently, upper- and single-tier municipalities may choose to apply the same percentage of relief (between 30% – 35%) to both the commercial and industrial property classes.

For more information 2017 Ontario Vacant Rebate and Reduction Programs Bulletin

Low Risk Solutions

Low Risk Solutions… In many cases, we can provide our property tax recovery solutions so that you only pay us a percentage of what you save. Our fees structure is flexible depending on your specific needs. It is our intent to earn your future business through results that have an identifiable net benefit. We are prepared to provide review and appeal services for your property on a flat fee or contingency fee basis.

We believe that property taxes are a significant expense of real estate and that deserves the attention that it needs to make sure that it minimizes it’s effective on your bottom line. It doesn’t matter if you owner occupied or a lessee a reduction of property taxes will effective your bottom line or your tenants. Either way everyone benefits…

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Property Tax Diligence

Save your property tax Call us (514) 954-8772 — Save your property tax
Call us (514) 954-8772

Real estate transactions can significantly increase the tax burden of property. Do you have changes in use, a local sale price, demolition, or construction? All which detrimentally impact your assessment values, classification, exemptions and, ultimately the amount of property taxes that you pay.

We recommend that every property should review their property tax assessments as regular process of Property Tax Diligence. This process includes a review of the current property tax obligations, examination of financial records including rent rolls, an evaluation of any outstanding appeals before the relevant assessment tribunals, as well as an estimate of the tax liability for the property owner and the tenants.

We are here to help you to mitigate your risks, by reducing the costs associated with your property tax diligence by mitigating the costs of the review process by being paid only if a successful property tax recovery can be achieved.

2017-2019 triennial assessment rolls

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The latest triennial assessment rolls for the Agglomeration of Montreal were deposited on September 14, 2016 to be effective as of January 1st, 2017. The values entered on the rolls reflect the market conditions as of July 1st, 2015. They are the basis for your 2017, 2018 and 2019 tax bills.

Les derniers rôles triennaux d’évaluation des 16 villes de l’agglomération de Montréal ont été déposés le 14 septembre 2016 et sont en vigueur à compter du 1er janvier 2017. Les valeurs qui y sont inscrites reflètent les conditions du marché au 1er juillet 2015. Elles serviront de base pour le calcul des taxes municipales des années 2017, 2018 et 2019.