A reassessment of all property classes is required by provincial legislation every four years so that property values are more accurate and current. This process ensures that all property owners pay their share of municipal and provincial education property taxes.
All properties were reassessed in 2017. The 2017 assessed values were determined based on sales of similar properties as of the provincially legislated based date of January 1, 2015. Your 2017 assessed value will be in affect until the next reassessment date in 2021, pending any changes to the property. in 2021, the reassessment of your property will reflect an updated assessed value as of the base date of January 1, 2019.