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Sunday, March 22, 2020

Huron Property Assessments Could See A Narrower Gap

Huron County | by Peter Jackson  

New farmland and residential assessment figures are expected from MPAC this year

The Warden of Huron County expects the gap between property assessments on farmland and residential properties to narrow this year.

Jim Ginn says the last figures issued by the province's Municipal Property Assessment Corporation in 2016 showed a sharp increase for agricultural land, while non-agricultural and urban increases were much smaller.

MPAC is expected to release updated assessment figures within the next few months.

He was commenting after a recent presentation to Council by representatives of the Ontario and Huron County Federations of Agriculture.

The OFA and HCFA repeated a request of the County, to reduce the farmland tax ratio from the current 21.7 per-cent.

Ginn says the County is "boxed in" by provincial legislation, even though it has the power to lower the rate.

The rate was approved when Council passed its $43.7 million 2020 budget in February.

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