Consultations: GUIDE TO YOUR FINAL 2016 PROPERTY TAX BILL

This guide provides information about your property tax bill, including Provincial Land Tax (PLT) and other taxes and levies that may appear on your bill.

Provincial Land Tax

Your PLT is calculated by multiplying the tax rate by the assessed value of your property.

calculation: % tax rate x $ assessed value = Provincial Land Tax

The PLT rates are set by the Minister of Finance. The City of Thunder Bay administers PLT billing on behalf of the Province of Ontario. All taxable properties in unincorporated areas pay PLT. The PLT portion of your final tax bill reflects the 2016 PLT rate changes for your property as well as any change to your property’s Current Value Assessment in 2016. Your PLT for 2016 and 2015 are compared in the “Explanation of Tax Changes” section of your bill.

PLT Rate Changes in 2016

In spring 2015, the government announced changes to the PLT, including adjustments for 2016 rates.  As indicated at that time, the 2016 adjustment for residential rates is $40 per $100,000 of assessed property value.

  • With this change, the PLT for a residential property located inside a schoolboard area valued at $100,000 would be approximately $212 in 2016, a $40 increase from 2015. 
  • Similarly, the PLT for a residential property valued at $50,000 would be approximately $106 in 2016, a $20 increase from 2015.

For 2016, the annual minimum PLT is now set at $50 per property to ensure that all property owners make a basic contribution toward the cost of important services in unincorporated areas.
The following table sets out the 2016 PLT rates for common types of residential and business properties. To show what the rates mean in dollar terms, the table includes PLT per $100,000 of assessed property value.

Property Class* 2016 PLT Rates 2016 PLT
(per $100,000 of
Assessed Property Value)
Residential / Multi-residential - Inside Schoolboard Area 0.002117 $211.70
Residential / Multi-residential - Outside Schoolboard Area 0.000754 $75.40
Commercial 0.001344 $134.40
Industrial 0.001192 $119.20
* The 2016 PLT rates for all property classes can be found on the Ministry of Finance web site.

Your Property’s Current Value Assessment

The assessed value of your property is used to calculate your PLT, Education Tax, Local Roads Board Tax and in some instances, Local Services Board levies. The Municipal Property Assessment Corporation (MPAC) is responsible for valuing and classifying all properties in Ontario. The assessed value of your property can be found in the “Assessment” portion of your bill. If your property’s value increased as a result of MPAC’s 2012 reassessment, the increase has been phased in over four years from 2013 to 2016. An increase on your 2016 bill would reflect the last year of that phase in.

MPAC is currently reassessing all properties across Ontario. These reassessment notices will be mailed to property owners between April and October, 2016. The 2016 reassessment of your property will not apply to your 2016 property tax bill. It will be reflected in your 2017 property tax bill. For more information about the 2016 reassessment, please visit the MPAC website: www.aboutmyproperty.ca.

Other Levies and Taxes Included in Your Property Tax Bill

In addition to Provincial Land Tax, Local Roads Board Tax, Local Services Board levies, and Education Tax may also appear on your bill.

  • Local Roads Board (LRB) Tax: The tax rates are set by the LRB. The tax is included on this bill for all property owners with an LRB that has opted-in to the PLT billing. These taxes are remitted to your LRB.
  • Local Services Board (LSB) Levy: Levy rates are set by the LSB. The levy is included on this bill for all property owners with an LSB that has opted-in to the PLT billing. These levies are remitted to your LSB.
  • Education Tax: The tax rates are set by the Minister of Finance. Education tax is remitted to your local school boards and help to fund the elementary and secondary education system in Ontario. Properties located inside schoolboard areas pay Education Tax.

You can find these charges broken down in the “Taxes/Levies” section of your bill.

Property Tax Relief Programs

Information about how to apply for the Provincial Land Tax Deferral Program for Low-income Seniors and  Low-income Persons with Disabilities is available on the Ministry of Finance website.
http://www.fin.gov.on.ca/en/refund/plt/seniors.html

Information on other property tax relief programs is available through the Credits, Benefits and Incentives page of the Ministry of Finance website.
http://www.fin.gov.on.ca/en/credit/

For questions about PLT administration, such as paying your PLT bill, changing your mailing address, or the PLT Tax Relief Program, please contact the PLT Office in Thunder Bay:

Email: plt@thunderbay.ca
Phone:
Local Calls: 1 807 625-2122
Toll Free: 1 866 400-2122
Teletypewriter: 1 888 321-6774

For information about your property assessment please contact MPAC:

Phone:
Toll Free: 1 866 296-6722
Teletypewriter: 1 877 889-6722

About My Property:
www.aboutmyproperty.ca

For information about the PLT review, please visit the PLT web page on the Ministry of Finance website:

http://www.fin.gov.on.ca/en/consultations/landtaxreform/

Or contact the PLT Reform Office:

Email: pltreformoffice@ontario.ca

Voicemail: Toll Free: 1 844 637-6465