The FOCA February Elert is out

The FOCA February Elert is out

FOCA A.G.M. March 2, 2013
Property Tax Tool from FOCA's Taxation Committee
Lake Partner: 2012 Data!
Tools for FOCA Associations
Threatened Lake of 2013 is...
Fisheries Act, ELA update
Feature: Cade Associates Insurance Brokers
Conference Notices
Biodiversity Online


http://bit.ly/Z0xz75 FOCA 

Integrity commissioner tops Mayor Millar's wish list

Integrity commissioner tops Mayor Millar's wish list

3 of the highlights from the Midland Freepress article

While the 2013 budget has yet to be finalized, homeowners will get a break on taxes. The expected increase in the municipal tax rate on a home valued at $250,000 will be $12.78. The increase does not include county and education taxes.

“We have made significant gains in broadband Internet service.  There are areas with less than adequate coverage,” he said, “but we will do the best we can to ensure problem areas receive high speed.”

Like other mayors across Huronia, he is concerned about the low water levels of Georgian Bay. The four Huronia mayors have written to 40 shoreline municipalities with a view to forming a coalition to approach the provincial and federal levels of government.  

To read the rest of the article click on the link
http://bit.ly/WdJRFI Midland Freepress

OUTLOOK FOR REVISED WATERFRONT ASSESSED VALUES

OUTLOOK FOR REVISED WATERFRONT ASSESSED VALUES

In preparation for receiving the January 1, 2012 assessments for residential properties in Ontario from MPAC (which will be used to determine property taxes in 2013), we (FOCA) have been reviewing some sales statistics over the past 4 years as reported by various real estate boards.

FOCA's page on Property Taxation
http://www.foca.on.ca/Taxation

Read the FOCA report here
http://www.foca.on.ca/xinha/plugins/ExtendedFileManager/demo_images/2012_OUTLOOK_FOR_REVISED_WATERFRONT_ASSESSED_VALUES1.pdf

The latest FOCA elert is up on the FOCA website

Information on: 
FOCA A.G.M.
Property Taxes
Lake Partner Program
Cottage Life Spring Show
Reflections on Cottaging
Welcome to Cottage Link Rental Management
Association News
Other News & Links


You can subscribe on the FOCA website


http://bit.ly/ykXU4A

Have you received your 2012 Property Tax bill yet?

Have you received your Property Tax bill yet?  

If not, it will arrive by mail any day now. 

What affects your property tax rate? What should you do if you want to challenge your property's assessed value?

HOT TOPIC: PROPERTY TAXATION

WHAT'S NEW?

February 2012 - Have you received your 2012 (interim) property tax bill by mail yet? If not, it will arrive any day now. Here’s what you need to know about what you pay and why:

Your property taxes are affected by: 

the education tax rate (set by the Province)

the municipal budget (established by your Municipality)

the municipal tax rate (set by your City/Municipality)

your property’s assessed value (determined by MPAC).

What can you do to about your property taxes?

1)    Prevent an increase in your municipal tax rate.

Municipal governments across Ontario are currently formulating and approving their annual budgets. Local spending decisions being made NOW will directly affect your property tax bill. Every property owner and resident should be paying attention.

NOTE: the tax bill you are receiving now is based on an INTERIM rate, but this will change, pending municipal budget decisions. Read more about MUNICIPAL BUDGETS and how to get involved in your local budget-setting process...

2)    Challenge your MPAC assessed value.

It is not too late to appeal the assessment used for 2012. We are in the last year of a 4-year assessment cycle, where assessed values have been phased in equally each year since January 1, 2008. Later this year (likely November 2012), new assessments will be announced by MPAC. These values will be used to calculate your taxes for 2013. FOCA will keep you apprised as information becomes available.

In the meantime, the value to be used  in 2012 can be challenged, if you commence that challenge before March 31, 2012. To do so, you must develop a rationale as to why you believe your property has been overvalued as at January 1, 2008 – NOT what may have transpired since. Read more about submitting a “Request for Reconsideration” to MPAC by March 31, 2012.

More Information on the FOCA Website

http://bit.ly/AxDa7t

A big thank you to the folks at FOCA for the information. 

While you are on their site please sign up for the elert news letter

The FOCA Web site has some good information on PROPERTY TAX.

The FOCA Web site has some good information on PROPERTY TAX.


FOCA advocates for fair property taxation on behalf of waterfront residential property taxpayers in Ontario.  In 2011, FOCA carries on as a leader in property tax reform, continuing our long-term interests that were delivered through WRAFT (Waterfront Ratepayers After Fair Taxation) and CAPTR (Coalition After Property Tax Reform).


Check out the FOCA Property Tax Page


http://www.foca.on.ca/property-tax