Consultations: Understanding Provincial Land Tax (PLT) Changes

2015 was the first time in over 60 years that PLT rates were adjusted to increase PLT revenue .

PLT is calculated by multiplying the PLT rate by the assessed value of your property. Your 2015 Final PLT bill shows your PLT for 2014 and 2015. The difference in your PLT reflects any changes in PLT rates and assessment.

Example of a Bill Calculation:

For example, a property that was assessed at $100,000 in 2014 and at $105,000 in 2015 would see the following change:

  2014 rate   2014
assessment
   
       
PLT in 2014: 0.161727 % × $100,000 = $161.73
  2015 rate   2015
assessment
   
       
PLT in 2015: 0.1717% × $105,000 = $180.29
           
Total PLT change = $180.29 – $161.73 = $18.56

For an accessible description of this calculation click here.

It is possible to determine what portion of a PLT change is due to a rate change, and what portion is due to assessment changes by referring to the change rate and assessment on your bill.

The amount of PLT increase due to assessment increase = ($105,000 – $100,000) × 0.161727% = $8.09

The amount of PLT increase due to rate adjustment = $105,000 × (0.1717% – 0.161727%) = $10.47

total PLT change in 2015

For an accessible description of this image click here.

Accessible descriptions:

Caluclation table:

PLT in 2014: 0.161727% (PLT rate) × $100,000 (2014 assessment) = $161.73
PLT in 2015: 0.1717% (2015 rate) × $105,000 (2015 assessment) = $180.29
Total PLT change = $180.29 – $161.73 = $18.56

Return to calculation table

Chart 1:

Stacked bar chart illustrates the total PLT change in 2015 ($18.56) for the example provided.  It separates out the PLT increase due to assessment increase ($8.09) and the PLT increase due to rate adjustment ($10.47).

Return to Chart 1