Property assessment processes and timelines can vary across different municipalities. For detailed information regarding the assessment process, deadlines, or any specific inquiries about your municipality, please contact our office directly.
Each year, each respective assessing authority reassesses all properties within its boundaries. This process is known as an annual assessment cycle, aimed at ensuring property assessments accurately reflect the current conditions in the real estate market as of a specified valuation date.
Your total annual property tax liability is determined by multiplying your property's assessed value by the tax rate in your jurisdiction.
If you are an industrial or commercial property occupant, or a multi-residential property owner, it is important to ensure that your property is assessed accurately.
Don't wait until you receive your tax bill to discover an overassessment. Overvalued assessments are common and can result in higher property taxes, which can lead to an inflated bottom line, impacting cash flow and profitability.
How BDO can help
Our property tax professionals can review your property assessment to ensure it is fair and accurate. If there are any discrepancies, we can work with the respective authorities to have your assessment corrected which can result in a lower property tax burden.
Contact us to review your property assessment to ensure accuracy and uncover potential tax savings.
The information in this publication is current as of July 11, 2025.
This publication has been carefully prepared, but it has been written in general terms and should be seen as broad guidance only. The publication cannot be relied upon to cover specific situations and you should not act, or refrain from acting, upon the information contained therein without obtaining specific professional advice. Please contact BDO Canada LLP to discuss these matters in the context of your particular circumstances. BDO Canada LLP, its partners, employees and agents do not accept or assume any liability or duty of care for any loss arising from any action taken or not taken by anyone in reliance on the information in this publication or for any decision based on it.