How does the property tax system work for commercial properties in Ontario?
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[{"id": "fzhhegl", "text": "I\u2019m in property tax in Alberta, so I don\u2019t have much experience with Ontario\u2019s system, but I believe they use a 4 year cycle, with the most recent valuation being 2016. There was one scheduled for 2020, but it has been rolled back to 2021 on account of Covid.  Even then, that\u2019s a huge difference to make up on a market value standard. \n\nMy understanding is that MPAC (the crown Corp that assesses property across Ontario) does a pretty okay job at getting close to market value most of the time.  There might be some non-market factors working to keep the assessments artificially low, like tax exempt space.", "replies": [], "depth": 1}]