WHEREAS, the government of Ontario recently announced the continued postponement of the province-wide assessment update for the 2022 and 2023 taxation years;
AND WHEREAS, this means that property values will continue to be based on the January 1, 2016 valuation date until at least 2024;
AND WHEREAS, the Town of Orangeville is aware of the important increase in property values throughout the province and within its own jurisdiction;
AND WHEREAS, the continued postponement of property valuation translates into a significant loss of taxation revenue for Municipalities;
NOW THEREFORE BE IT RESOLVED THAT, the Council of the Town of Orangeville urges the government of Ontario to reconsider its decision and to direct MPAC to proceed with a province-wide assessment update in order for Ontario Municipalities to be able to collect property taxes based upon actual property values;
AND BE IT FURTHER RESOLVED THAT, a copy of this resolution be forwarded to the Premier of Ontario, Minister of Finance, MPP Sylvia Jones, MPAC, AMO, OMTRA and MFOA.