Consultations: GUIDE TO YOUR FINAL 2015 PROPERTY TAX BILL

A First Step toward Modernizing the Provincial Land Tax

The 2015 Ontario Budget announced Provincial Land Tax (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 was announced in 2013 and included consultations with unincorporated area representatives and the release of a consultation paper in December 2014.

The updated 2015 PLT rates are reflected in your final 2015 tax bill. For residential taxpayers, the 2015 PLT rates have been adjusted by $10 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 $172 in 2015, a $10 increase from 2014. 
  • Similarly, the PLT for a residential property valued at $50,000 would be approximately $86 in 2015, a $5 increase from 2014.

The following table sets out the 2015 PLT rates for common types of residential and business properties. To illustrate what this means in dollar terms, the table also includes PLT per $100,000 of assessed property value.

Property Class* 2015 PLT Rates 2015 PLT
(per $100,000 of
Assessed Property Value)
Residential / Multi-residential    
Inside Schoolboard Area 0.001717 $171.70
Outside Schoolboard Area 0.000354   $35.40
Farm / Managed Forest    
Inside Schoolboard Area 0.000429   $42.90
Outside Schoolboard Area 0.000088     $8.80
Commercial 0.000694   $69.40
Industrial 0.000542   $54.20
* The 2015 PLT rates for all property classes can be found on the Ministry of Finance web site.

For more detailed information about the PLT changes for 2015 and 2016 outlined in the 2015 Ontario Budget, please see the paper, Provincial Land Tax Reform: A First Step toward a Fair and Modern Provincial Land Tax System

INFORMATION ON THE PLT REVIEW

Background information about the PLT review, including documents summarizing the stakeholder consultations and the PLT changes announced in the 2015 Ontario Budget, can be found on the Ministry of Finance web site.  Information about property tax deferral programs for low-income seniors and low-income persons with disabilities is also available.
http://www.fin.gov.on.ca/en/consultations/landtaxreform/

About Your Tax Bill

How Is Your Provincial Land Tax Calculated?

The calculation for the PLT portion of your tax bill is:

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

The PLT portion of your final tax bill reflects the 2015 PLT rate changes for your property as well as any change to your property’s Current Value Assessment. If this calculation results in an amount less than $6, you will be charged the minimum PLT of $6 per property.

The change in your PLT can be found in the “Explanation of Tax Changes” section of your bill.

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 2015 assessed value of your property can be found in the “Assessment” portion of your bill.

What Is Included in Your Property Tax Bill?

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

  • Provincial Land Tax: The tax 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.
  • 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.
  • Local Roads Board (LRB) Tax: The tax rates are set by the LRB. The tax is included on this bill for all property owners who have an LRB that has opted-in to the PLT billing.  These levies 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 who have an LSB that has opted-in to the PLT billing. These levies are remitted to your LSB. 

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

Additional information about your 2015 property tax bill can be found on the Ministry of Finance web site.

For information about the PLT review and changes to PLT rates please contact the PLT Reform Office:

Email: pltreformoffice@ontario.ca

Mail:
Provincial Land Tax Reform Office
Ministry of Finance
Provincial Local Finance Division
777 Bay Street,10th Floor
Toronto, ON M5G 2C8

Phone: Toll Free: 1 844 637-6465

For questions about your PLT bill and payments 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