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While the primary goal of the Current Value Assessment & Taxation System is fairness, since 1997 much energy has been applied by the Province to mitigate excessive increases generated by the tranisition to full CVA Taxation.
Tax protection measures, prescribed in Ontario Regulation 73/03 of the Municipal Act, 2001 as amended, include the mandatory capping of tax increases for commercial, industrial and multi-residential properties.
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Last Updated ( Friday, 11 December 2009 )
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Click on the image above to view the online version of the guide
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