The 2016 Ontario Budget committed to continue discussions with northerners on ways to further address tax inequities in the North before determining PLT rate adjustments for 2017.
In March, 2016, the Ministry invited property owners to provide their feedback through a PLT consultation questionnaire and to submit their input by June 1, 2016. Responses to the questionnaire are summarized in the PLT Questionnaire Results. The feedback received through this consultation will help guide the PLT review as it moves forward.
The final 2016 property tax bills were mailed in mid-July to unincorporated area property owners. A Guide to Your Final 2016 Property Tax Bill is included with each bill. It provides information about the PLT and other taxes and levies that may appear on the property tax bill.
The 2015 Ontario Budget announced PLT rate changes for 2015 and 2016. This is an important first step toward creating a fair and modern PLT system that will reduce tax inequities.
A review of the PLT began in 2013 and included consultations with unincorporated area representatives and the release of a consultation paper in December 2014.
The updated 2015 PLT rates were reflected in final 2015 tax bills. For residential taxpayers, the PLT rate was adjusted by $10 per $100,000 of assessed property value in 2015, and will be adjusted by an additional $40 per $100,000 of assessed property value in 2016. Managed forest and farm properties will continue to be taxed at 25 per cent of the residential PLT rate.
|Residential Classes||Changes to PLT Rates
(per $100,000 of Assessed Value)
|Farm / Managed Forest||$2.50||$10|
The minimum PLT is being set at $50 annually per property in 2016 to ensure that all unincorporated area property owners make a basic contribution to the cost of important services.
As part of the ongoing PLT review, the government will consult with northerners on ways to further address tax inequities in the north before determining PLT rate adjustments for 2017.
The Province initiated this next round of discussions by holding 15 open houses across northern Ontario between August and October 2015. These open houses provided an opportunity for property owners to hear more about PLT changes and provide input. The sessions are summarised in the paper, Provincial Land Tax Reform: Overview of the Provincial Land Tax (PLT) Open Houses.
Please check back regularly, as we will continue to post updated information. If you would like to send us your comments or receive ongoing updates about the PLT review, please send an email to email@example.com.
Provincial Land Tax
Provincial Local Finance Division
Ministry of Finance
777 Bay Street, 10th Floor
Toronto, ON M5G 2C8
1-844-637-6465 (toll free)