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MPAC is the provincial body that determines how much a parcel is worth, for the purposes of property taxes.
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Try refreshing your browser. City in battle over value of Sudbury Downs property Back to video
It recently determined the former site of Sudbury Downs, now partially occupied by Gateway Casinos, had a value of about $2.3 million, but the city felt that was too low.
“For the Jan. 1, 2016 base year, MPAC returned an assessment of $2,309,000 for the subject property, being $2,045,900 commercial property class and $263,100 residential property class,” the Assessment Review Board ruled. “The city appealed the assessment on the basis the assessment returned by MPAC was too low.
Incentives recommended for new Riverview Drive apartments Chatham-Kent councillors will consider a recommendation on Monday to provide a tax incentive for a large-scale rental complex on Riverview Drive.
Author of the article: Trevor Terfloth
Publishing date: Feb 26, 2021 • February 26, 2021 • 2 minute read •
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Chatham-Kent councillors will consider a recommendation Monday to provide a tax incentive for a large-scale rental complex planned for Riverview Drive.
As part of the Chatham-Kent Community Improvement Plan, Skyline Real Estate Holdings Inc., owner of 53 and 57 Riverview Dr., would receive an annual grant equivalent to 100 per cent of the increase in municipal property taxes resulting from a new building for a major rental development for 10 years.