Toronto, Ont., Monday, March 15, 2004 - AMO welcomed an announcement by Finance Minister Greg Sorbara outlining changes intended to provide municipalities with greater flexibility in establishing property tax rates in 2004.
These changes will provide municipalities with additional flexibility in determining appropriate tax rates in response to changes and shifts in assessment values for the 2004 tax year

In response to today’s announcement, AMO President Ann Mulvale said, “The changes announced today are a step in the right direction.”

The Minister also announced that he was proposing to hold discussions with representatives from municipalities and other stakeholders to address concerns about a range of property tax policy issues.  These issues include the current capping and clawback mechanisms introduced by the previous government in conjunction with the introduction of current value assessment.

President Mulvale said, “We also welcome the Minister’s proposal to tackle some of the tax policy concerns that we have raised. Ontario needs property tax policy that puts us back on track. We need property tax rules that are less complex, more understandable and less costly to manage.  We also need rules that do not undermine the original objectives of the current value assessment model.” 

The Association of Municipalities of Ontario (AMO) is a non-profit organization with member municipalities representing 95 per cent of Ontario’s population.  AMO supports and enhances strong and effective municipal government in Ontario and promotes the value of municipal government as a vital and essential component of Ontario and Canada’s political system.

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