Property Tax Treatment of Vacant Commercial and Industrial Land
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Consultation has concluded
Since 2017, the Province has provided municipalities with broad flexibility to tailor the treatment of vacant and excess lands in response to local circumstances. The County of Huron intends to seek permission to eliminate the tax rate discount percentage for vacant and excess land. This change would mirror the treatment to be applied for the Provincial education portion of the tax bill for which no discount is provided as of 2020.
Unimproved land would continue to be subject to comparable lands with building on them because the property values (Current Value Assessment) would be lower. That is, a 1 acre property with a building will be valued higher, and pay higher taxes than a neighbouring vacant lot of the same size.
Input regarding the potential implications of these changes is being sought by the County of Huron from landlords, business owners and members of the general public and will inform the final decision making process.
Since 2017, the Province has provided municipalities with broad flexibility to tailor the treatment of vacant and excess lands in response to local circumstances. The County of Huron intends to seek permission to eliminate the tax rate discount percentage for vacant and excess land. This change would mirror the treatment to be applied for the Provincial education portion of the tax bill for which no discount is provided as of 2020.
Unimproved land would continue to be subject to comparable lands with building on them because the property values (Current Value Assessment) would be lower. That is, a 1 acre property with a building will be valued higher, and pay higher taxes than a neighbouring vacant lot of the same size.
Input regarding the potential implications of these changes is being sought by the County of Huron from landlords, business owners and members of the general public and will inform the final decision making process.
The County of Huron is seeking public input in regards to the potential elimination of the subclass tax rate discounts applicable to unimproved (vacant and excess) commercial and industrial land. Input received via this survey will contribute to the information available within the final decision making process.
Consultation has concluded
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