Province Defends Decision To Freeze Property Tax Assessments

Posted on Friday, June 30, 2017 13:44 PM

The provincial government says despite complaints from Mayors who aren't happy about the freeze on property tax assessments next year, there will be no long term impact on revenue for muncipalities.

Local Government Minister Serge Rouselle says the province wasn't going to continue with a flawed and mistake prone property tax system in 2018 and a freeze was the only responsible decision to make. An independent review of the property tax assessment system by the auditor-general isn't expected to be complete until November.

Rouselle argues since the global economic meltdown of 2008, municipal revenues have increased by an estimated 43 per cent while provincial government government have risen by almost 28 per cent.

The government plans to get out of conducting property tax assessments and turn it over to an independent agency.