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Hidden property assessment

Implications – and a strategy for uncovering value

by JENSEN M
Published in August 2015 - Page 31

Municipalities are often not collecting all of the property taxes that are owing to them. This largely comes as the result of property owners who choose not to secure the required building permits under the Building Code when undertaking new construction. Particularly in rural or more remote areas of the municipality, it is often next to impossible to flag this type of illegal construction activity.

In Ontario, the Municipal Property Assessment Corporation (MPAC) relies largely

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