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property tax: Nervous about property tax assessment increases? - 04/12/08 11:35 AM
The January 1st lift on the three-year assessment freeze means some homeowners could see double-digit increases in property taxes this time around. The government, in a moment of benevolence, has decided to spread such increases over the next four years.
If you recall, the freeze on increases was caused by homeowner complaints that MPAC was conducting unfair and innaccurate assessments. An investigation resulted in 20 recommendations for improvements including some charges to the Crown for the way they communicated with property owners.
According to reports, MPAC has completed 10 of the 20 tasks thus far and is continuing on the rest. Communiction was a vital requirement for … (0 comments)

property tax: First time Buyers can get a property tax refund in Ontario (UPDATED 9/10/08) - 04/11/08 02:10 PM
We have been telling all our first time Buyers about this one. Who knows how long it will last? It's best to get the lawyer to handle the actual submission but clients can fill out the forms available from the site below and have it ready upon closing of their first home.
ONTARIO EXPANDS LAND TRANSFER TAX REFUND PROGRAM
TORONTO - The McGuinty government is giving all first-time homebuyers a break on land transfer tax by proposing to expand the Land Transfer Tax Refund Program to include purchases of resale homes, Finance Minister Dwight Duncan announced today.
"Expanding this Land … (2 comments)

 

Robert Morrow

Hamilton, ON

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Blog by Hamilton Home Review's editor, Robert J. Morrow, a licensed Realtor with Chase Realty Inc., in Ancaster, ON, Canada.


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