COVID-19 Canada Wide: Property Tax Deferrals (Updated Frequently)
Property Tax Deferrals As a result of the COVID-19 virus and the impact on business, many (most) municipalities have either implemented, or are currently working/considering implementing relief, with deferrals typically lasting between 60-150 days, with 60-90 days being the most typical. There are some notable exceptions, but we expect those municipalities will eventually change asContinue Reading
Ontario Appeals: COVID-19 Update (Mar 26, 2020
Contestation of Assessments – Ontario Update : Requests for Reconsideration As a result of the Ontario Government’s Declaration of Emergency related to COVID-19, MPAC has posted to their social media sites that the Request for Reconsideration deadline for the 2020 tax year, which was due to be March 31, 2020, is being extended. This couldContinue Reading
Province of Ontario delays 2021 Re-Assessment
As per the March 25, 2020 release of the Ontario Fiscal Update in response to COVID-19. On page 75 of the budget the province of Ontario has officially delayed the re-assessment of all properties from 2020 to 2021, still using a January 1, 2019 base date. The impact to you as relating to this updateContinue Reading
Second Property Tax for Toronto?
Could Toronto homeowners face a second tax bill to make up for provincial cuts? BY CITYTV NEWS STAFF POSTED MAY 14, 2019 4:03 PM EDT Once bitten, twice taxed? That’s suddenly a daunting possibility after Budget Chair, Coun. Gary Crawford, admitted that the city could potentially ding homeowners with a second tax bill, or resortContinue Reading
Hamilton tax hikes by ward: how much more will you pay?
Where you live makes a big difference in how much extra in taxes you can expect to pay this year. News 09:06 PM by Matthew Van Dongen The Hamilton Spectator Hamilton Spectator file photo Rising property values will again translate into higher tax hikes for homeowners in Wards 1 through 3 this year. City councilContinue Reading
Ontario Government Confirms Treatment of Industrial Properties
Creating Jobs and Reducing Regulatory Burdens in 12 Sectors Across Ontario April 2, 2019 12:17 P.M. Ministry of Economic Development, Job Creation and Trade Ontario’s government is putting people first by passing the Restoring Ontario’s Competitiveness Act (Bill 66). Along with regulatory changes, the Act will reduce specific regulatory burdens in 12 sectors, helping businesses to growContinue Reading
Calgary Business Groups Propose PropTax Fix
Calgary business groups propose plan that would lessen their tax burden and make homeowners pay more Helen Pike · CBC News · Posted: Apr 01, 2019 8:12 AM MT | Last Updated: April 1 Terry Wong with the Chinatown District BIA says there are many vacant storefronts in the area already. (Helen Pike/ CBC)51 comments Business groups in Calgary are proposingContinue Reading
Calgary council defers PropTax decision
More information needed before shifting burden from business to homeowners, council says Scott Dippel · CBC News · Posted: Apr 01, 2019 9:31 PM MT Councillors are debating moving the tax burden off downtown businesses and onto residential properties. However, they’ve put off the decision in order to gather more information. Sometimes it seems theContinue Reading
Interesting: AirBnB Condo as Commercial?
Province balks at condo Airbnb tax proposed by Victoria council Bill Cleverley / Times Colonist MARCH 6, 2019 06:00 AM The province’s new speculation and vacancy tax declaration could provide a pathway to taxing condos being used as Airbnbs as commercial operations, says Victoria Coun. Geoff Young. But it doesn’t appear the province is prepared to goContinue Reading
New Proposed Ontario Municipal Changes – Do they affect you?
In the 2016 publication from the Ontario Ministry of Finance titled “Strengthening Ontario’s Property Tax and Assessment System” there was an inkling that some new tools could possibly become available to municipalities to allow them more flexibility with how they dealt with property taxes and their own constituents. Now as of January 2017 we haveContinue Reading
Big win for our hotel client in Calgary!
EVI took part in a hotel appeal this past August in Calgary, relating to the Marriott Courtyard and Residence Inn hotels in South Southeast Calgary. In a written decision the CARB has agreed with our views and awarded a reduction to value of about $8 million dollars! Congratulations to our happy clients. If you haveContinue Reading
Pre-Roll Consultations – Expectations for Fall/Winter 2016
EVI actively participates in the pre-roll consultation process for its’ clients, and recommends this practice as the best way to ensure reasonable values are returned. Some anticipated dates for 2017 value pre-roll discussions: – Ontario is currently entertaining pre-roll discussions for 2016 current values for special purpose properties. Other properties may be available upon requestContinue Reading
2016 CPTA Annual Conference to be held September 25-28 in Vancouver
The Canadian Property Tax Association’s 2016 annual conference is taking place at the Fairmont Vancouver from September 25 to 28, 2016. EVI is a member of the CPTA and will be attending and participating in the conference. We hope to see you there!
IPT Annual Conference – June 12-16, 2016 in Traverse City, MI
EVI president Jeff Grad will be participating and presenting in this year’s Institute of Professionals in Taxation annual conference held in Traverse City, Michigan. He will be bringing the IPT membership up to date on Canadian property tax issues and opportunities. We hope to see you there!
IPTI Ontario Tax Summit – May 16 2016
The International Property Tax Institute is hosting the 4th Ontario Property Tax Summit in Niagara Falls, Ontario on May 16, 2016. This is an opportunity to review the practical changes which are necessary to improve the property tax and assessment landscape in Ontario and to discuss how they can be implemented. Attendees will include legalContinue Reading
Ontario Deadline: Assessment Appeals March 31st 2016
If you have a property which has not been appealed in the previous 3 years of the 2012 CVA cycle (2013-2016 taxation), you still have one last “kick at the can” if you appeal before March 31, 2016. Why might this be worth it? Consider two main reasons related to the phase-in of assessments: 1.Continue Reading
CPTA Ontario Property Tax Forum – February 1 & 2, 2016
EVI will be participating in the Ontario Chapter of the Canadian Property Tax Association’s Ontario property tax seminar, taking place February 1 and 2, 2016. We hope to see you there!
Reminder: Ontario Municipal Applications due February 29th!
EVI would like to remind our clients that any applications for rebate of taxes for Calendar 2015 under the Municipal Act or City of Toronto Act are due by February 29, 2016. Reminder that most municipalities require it to be in hand on that date, rather than postmarked – although some can accept email/postmarks –Continue Reading
EVI to sponsor Council on State Taxation – 2016 Property Tax Conference
EVI is delighted to sponsor the COST annual property tax symposium, held in San Antonio, TX this year from January 13 to 15, 2016. EVI president Jeff Grad and Senior Director of Business Development Gerry Divaris will be in attendance as well, and presenting on Canadian property tax and on functional and economic depreciation issues.Continue Reading
RICS Property Tax Seminar – November 12, 2015
EVI President and RICS Ontario chapter chair Jeff Grad is pleased to share the 5th annual Property Tax Seminar. This year along with the International Property Tax Institute (IPTI), there is another partner collaborating which is the Canadian Property Tax Association (CPTA). We hope to see you there! See the link below to register. http://www.rics.org/us/training-events/conferences-seminars/update-on-the-ontario-assessment-landscape/toronto-on-/Continue Reading
Ontario Property Tax Rebate – (vacancy, etc) – Deadline March 2, 2015!
Ontario Property Owners – commercial or industrial space – deadline for vacant, demolished or renovated space tax rebates is March 2nd, 2015. If you are the owner or manager of commercial or industrial space which has been vacant, renovated or demolished during 2014, you may be entitled to a municipal property tax rebate. Certain criteriaContinue Reading
Equitable Value participates in Ontario Ministry of Finance SPBAR stakeholder sessions – pre-roll consultations coming soon!
Ontario Property Tax & Assessment Update on the Provincial “Special Purpose Business Properties Assessment Review (SPBPAR)” The SPBAR review by the Ministry of Finance is well underway. The focus group is reviewing MPAC’s methodology of assessment for certain “Special Purpose” properties, with the stated objective of agreeing on methodology for valuation and ideally limiting theContinue Reading
John Glen joins EVI as Director, Research & Valuation
EVI is excited to announce the addition of John T. Glen, a prominent expert in real property valuation and property tax consulting. John is well-known for his expertise in real estate valuation in respect to complex properties including multi-purpose commercial centres, hospitality properties, multi-residential, recreation, industrial and special purpose properties as well as his expansiveContinue Reading
Steve Eakins joins EVI Property Tax Services team
EVI has added another member to it’s growing valuations and property tax consulting in Steve Eakins. Steve comes to us from a national valuation firm, with strong analytical and valuation skills in real property assessment. Steve is an Honors graduate of Seneca College’s Real Property Assessment program, where he shared his skills tutoring his peers. Continue Reading
EVI expands Canadian management team
EVI is pleased to announce that we have added Gayelyn Henderson to the management team in our Toronto office. Along with her knowledge of North American property tax regimes (you can find her lecturing on it at Seneca college), Gayelyn has an extensive background in client management and municipal relations and we look forward toContinue Reading
EVI President Jeff Grad presents at AI Annual Meeting
EVI President Jeff Grad is going to Austin, TX to present at the 2014 Annual Meeting of the Appraisal Institute (US). The presentation will be on International Valuation Concerns with Mr. Bruce Greenberg, Managing Director of Real Estate for Deloitte MX, Mr. Mitch Creekmore of Stewart Title, and Daniel Gancz, Managing Partner of Gancz Abogados.Continue Reading
EVI to participate in depreciation panel at IMA annual symposium
EVI president Jeff Grad will be participating in a panel presentation relating to depreciation and it’s impact on value at the Institute of Municipal Assessors (IMA) conference in Niagara Falls in June 2014. The panel session will be chaired by attorney Kenneth West of Walker West Longo LLP. Co-panelist Malcolm Stadig of MPAC and JeffContinue Reading
EVI president presents cost & depreciation workshop
EVI is delighted to announce that President Jeff Grad will be co-presenting a series of courses along with MPAC counterpart Malcolm Stadig for the Institute of Municipal Assessors and the International Property Tax Institute relating to the cost method of valuation and identification and analysis of various forms of depreciation (and their impact on value).Continue Reading
Here we grow in Ontario!
We’re delighted to have added to our stable of client-facing management staff. Michael Marciniak is joining EVI as Manager, Property Tax Services. Although his initial background is related to engineering, Michael has been working in the real estate and property tax realm for over 20 years, helping a host of property owners and occupiers ensureContinue Reading
Municipalities need to establish reserve contingencies for property tax appeals (Article)
This artlcle was published in Friday June 7, 2013 edition of Novae Res Urbis – Toronto Edition, by Greg MacDonald Despite a pending provincial review into the assessment process; municipalities need to build more contingencies for assessment changes and appeals into their budgets, according to delegates at the International Property Tax Institute’s Ontario taxContinue Reading
EVI to attend IMA Conference – June 24 to 26th
EVI will be attending the IMA (Institute of Municipal Assessors) conference on June 24 to 26 in Kingston Ontario. The IMA conference is the pre-eminent gathering of assessors in Canada, with members of the assessment community (public and private) from across the Country. Hope to see you there!
EVI to be part of 2013 Ontario Property Tax Summit
EVI President Jeff Grad will be chairing the municipal panel at this year’s 2nd Annual Ontario Property Tax Summit. The Summit is a joint event with IPTI, RICS, OMTRA and MFOA which seeks to address practical challenges and opportunities within the Ontario property tax spectrum. It is all-inclusive and looks to bring all the partiesContinue Reading
Ontario Appeal Deadline – March 31 2013 (April 2 this year)
Reminder to all owners with property in Ontario that the appeal deadline is March 31 (extended to April 2nd since this falls on a weekend). If you need help with your filings, please do not hesitate to call!
RICS-IPTI Property Tax Seminar – Nov 15 2012
Equitable Value president Jeff Grad is chairing the annual RICS property tax seminar in Toronto this November 15, 2012 at the Hyatt hotel in downtown Toronto. Co-presenting organization the International Property Tax Institute will also be represented there as well. The panels look strong, with Chief Assessor from MPAC Larry Hummel presenting the 2013 reassessmentContinue Reading
Rob Ford responds to OneCity Plan – Freeze Property Tax
Rob Ford has responded to Karen Stintz’s committee’s plan to expand transit in Toronto by suggesting taxes should effectively be frozen, with no more than a 1.75% increase. See http://news.nationalpost.com/2012/07/06/rob-ford-calls-for-property-tax-freeze/ Property tax as a mechanism for funding local government finance? Nothing new here.
“OneCity” plan to pay for TTC expansion suggests property tax hike in Toronto
Karen Stintz, TTC Chair proposed a 30 year plan to dramatically alter the state of public transportation in Toronto. How would it be funded? Increasing the property tax by removing some of the revenue-neutrality in the rates. See some great commentary on the Transit Toronto blog here: http://transit.toronto.on.ca/archives/weblog/2012/06/27-ttc_chair_.shtml
Equitable Value at the 2012 IMA Conference
Equitable Value Inc. president Jeff Grad, will be at the Institute of Municipal Assessors annual conference from June 24th to June 26th in Ottawa, ON, Canada. If you run into him, make sure you say hello! It looks like a great lineup of presentations.
Equitable Value president lectures at Intangible Assets workshop
Equitable Value president Jeff Grad lectured at a workshop for about 140 people held in Toronto by the International Property Tax Institute called “Intangibles: Breaking down En-Bloc Value – Understanding the components of value in business transactions.” It was a two day workshop dealing with the identification and ultimate extraction of intangible assets in realContinue Reading
The IPTI Property Tax Summit – Niagara Falls, ON – April 18, 2012
The International Property Tax Institute teamed up with a whole host of partners to have a 1.5 day event looking at the current state of property tax in Ontario, as well as recommendations for change. Partners in the event were the Royal Institution of Chartered Surveyors (RICS), the Municipal Finance Offers Association (MFOA) and theContinue Reading