Wellington Aggregate Property Tax Impacts 2017
From Kate Harries blog AWARE News Network
The following is an analysis by Wellington County of the impact of mass appeals of aggregate site property taxes launched across the province in the last few years by the Ontario Stone, Sand & Gravel Association, which reached a settlement with the Municipal Property Assessment Corporation in 2016.
The result, at least in Wellington County, was a massive devaluation of the assessment on aggregate sites and unprecedented taxation losses, with a heavy burden falling on the residential property owner. If you look at the last slide, we in Ontario are now in a situation where a 100-acre aggregate site can end up paying less taxes than a one-acre three-bedroom single family home! $11,601 versus $11,799.