Section 357 and 358 Application allows for the reduction, refund or cancellation of the taxes. Applications may be submitted for the following reasons:
- Ceased to be liable to be taxed at rate it was taxed
- Became exempt
- Razed by Fire, Demolition or Otherwise
- Damaged and Substantially unusable
- Gross or manifest clerical/factual error
- Repair/Renovations preventing normal use
Applications shall be received by February 28th of the year following the year for which the application is made.
Once MPAC has completed the re-assessment, the Municipality is provided with the documentation of the changes. As per the Municipal Act, notification is sent to the property owner of the revised assessment and the reduction of the taxes billed will be calculated. This revised assessment and reduction of taxes is subject to Council approval and the owner will have the opportunity to attend the Council meeting to speak to the revision if they so choose. Once approved adjustments will be made the property tax account and the owner will be eligible for a refund or the credit will remain on the account.
Council Meetings for approval of Section 357 and 358 adjustments will take place in March and September.