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Ontario property owners may still qualify for a vacancy rebate in participating municipalities

Starting in 2017 the Province of Ontario provided municipalities the discretion to phase out the vacancy rebate program. Historically, under this rebate program commercial and industrial property owners were able to apply for a tax rebate for units that were vacant and/or under renovation for future tenancy.

Since 2018, a number of municipalities have begun to phase out and/or completely eliminate this rebate program.

HOW ALTUS GROUP CAN HELP

  • For municipalities that maintain a vacancy rebate program, Altus can prepare
    and submit an application on your behalf
  • For municipalities that have eliminated their vacancy rebate program, property
    owners may still be eligible to receive a tax rebate for units that were under
    renovation for three consecutive months within the year

ADDITIONAL TAX REBATE OPPORTUNITIES

Additional tax rebates may be granted for a property that experiences the following:

  • Change in use (including taxable area becoming exempt)
  • Demolition of a property, including fires, floods, and otherwise making a property unusable
  • Clerical errors in preparation of the assessment roll that are factual in nature

NEXT STEPS

  1. Contact us with any questions or concerns
  2. Provide details to Altus Group by February 11, 2019
  3. Altus Group will review and submit either a vacancy application or a renovation application depending on the municipal requirements

Download the Bulletin PDF

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Jeff ArnottArnottbu-commercial-property-tax tax-assessment-appealsproperty-tax-management-complianceottawa

Vice President, Property Tax

Sandi PrendergastPrendergastbu-commercial-property-tax tax-assessment-appeals

Senior Director, Property Tax

Last updated on September 4th, 2019 at 04:41 pm

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