GUEST SUBMISSION: If you pay property tax in Ontario, you have likely heard about the ongoing delay of the province-wide general reassessment. You may think that you are benefiting from this delay, but that is not necessarily true.
An analysis of over 3,400 residential sales between July 1, 2023, and June 30, 2024, in Vaughan, Ont., reveals outdated property assessment values resulting from delayed provincial reassessments, is resulting in inequitable tax distributions for residential properties.
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