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Two Property Tax Savings Opportunities in Ontario – 2024

Two Property Tax Savings Opportunities in 2023 Hero

The financial operations of commercial real estate have been dramatically impacted in the past few years. This is placing ever greater emphasis on reducing operating expenses. In Ontario property owners will (this year, as in every other year under the current legislation) have two property tax savings opportunities. First, they can appeal their 2024 property tax assessments. Second, owners of commercial, industrial, and multi-residential properties, (for this purpose, commercial includes property used for office, retail, food services, or other general commercial uses), can apply for a rebate of 2023 property taxes where the value of their property has been significantly negatively impacted by specified events relating to the physical condition and use of the property. There is no better time than now for property owners to scrutinize their 2024 property tax assessments for grounds for assessment appeals, and to consider potential 2023 property tax rebate opportunities.

2023 Property Tax Rebates

Depending, on the specific circumstances, if your commercial or industrial classed property experienced a significant event such as: demolition, damage from fire or other causes that rendered it substantially unusable, extensive repairs or renovation which prevented its use for 3 months or longer, or a change in its use it may be appropriate to apply for a rebate of 2023 property taxes.

If your property experienced any of these events, or other similar circumstances which adversely impacted its value in 2022, please contact us by February 15, 2024, to confirm eligibility for a 2022 property tax rebate. The deadline for filing 2022 property tax rebate applications is February 29, 2024.

2024 Property Tax Assessment Appeals

Property owners with any concerns regarding the correctness, accuracy, or equity of their 2024 property tax assessment should consider filing a 2023 assessment appeal.  Please contact us by March 15, 2024, if you wish to discuss the merits of filing a 2023 property tax assessment appeal. The deadline for filing 2024 property tax assessment appeals is April 2, 2024

free property tax review

Pour plus d’informations, veuillez contacter:

Robert Brazzell

Managing Director | Property Tax Services | Ontario

Toronto Downtown

As an Executive Director at Colliers International I am fortunate to lead a passionate team that assists  real estate owners and their tenants to take a proactive approach in reviewing and reducing  their property assessments and taxation. Our growing team of professionals strives to serve our clients above and beyond their expectations.

I am a legal and business professional with over 20 years of experience developing and leading corporate strategies to grow value; expand corporate presence; and protect corporate interests. I have provided legal support and business guidance and direction to property tax practice groups in Canada and the United States. Throughout my career I have successfully leveraged innovative approaches and established strategic relationships to deliver professional services, build market share and increase revenue. 

Applying the knowledge and skills I have acquired providing counsel to an administrative tribunal, serving as an Acting Chair of a provincial property tax assessment appeal board, and representing taxpayers in proceedings before property tax assessment appeal tribunals across Canada my role has most recently included providing legal representation in high value property tax assessment appeals in Ontario. As a property assessment appeal advocate my goal is ensuring the most cost-effective management of my client’s property tax assessments and property tax liabilities so they can realize their corporate objectives. I am focused on this goal and on delivering value to clients but always in the context of a commitment to ethical standards and operating with integrity


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