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The current values are based on a January 1, 2016 valuation date. Due to the COVID-19 pandemic, the Ontario government postponed the 2020 Assessment Update. They indicated that property assessments for the 2022 and 2023 property tax years will continue to be based on the fully phased-on January 1, 2016, current values.
The LTSA was established under the Land Title and Survey Authority Act in January 2005 and provides for the registration of all real property ownership and land interests, and all private and Crown land surveys through two divisions: Land Title Division – ensures the continued integrity of BC’s Torrens title system for registering land ...
That was the pattern of land ownership in the earliest British settlements in what is now eastern Canada. When the Crown granted land to settlers, the land grant normally included all minerals, other than precious minerals. [6] The result is that in Ontario, Quebec, and the four Atlantic provinces, much of the mineral rights are privately owned ...
An assessor's parcel number, or APN, is a number assigned to parcels of real property by the tax assessor of a particular jurisdiction for purposes of identification and record-keeping. The assigned number is unique within the particular jurisdiction, and may conform to certain formatting standards that convey basic identifying information such ...
Then, whilst property is private, in Canada, there isn't a constitutional protection of property right, as the government can force an owner to sell them their land through expropriation, where compensation will be given based on the market value of the land. Then a buyer will often need permission through a municipal planning firm, and could ...
The word tax assessment is used in different ways, but often refers to a tax liability owed by a taxpayer. In the case of property, a tax assessment is an evaluation or an estimate of value that is typically performed by a tax assessor. The assessment leads to an "assessed value," which is a base number used in the calculation of the property ...