Legislative History: Enacted September 19, 2017 (By-law No. CPOL.-221-473); Amended July 24, 2018 (By-law No. CPOL.-221(a)-450)
Last Review Date: July 25, 2023
Service Area Lead: Director, Financial Services
1. Policy Statement
The purpose of this policy is to formalize and clarify practices on the minutes of settlement for assessment appeals.
2. Definitions
The terms used in this policy have the meaning and definition as provided by the Assessment Act, R.S.O. 1990, c. A.31.
3. Applicability
This policy applies to assessment appeals filed under the Assessment Act or other legislation where the property owner/appellant and the Municipal Property Assessment Corporation have agreed to a settlement of the appeal.
4. The Policy
In accordance with subsection 286(1) of the Municipal Act, 2001, the City Treasurer or their delegate is authorized to approve and sign minutes of settlement for assessment appeals filed under the Assessment Act or other legislation where the property owner/appellant and the Municipal Property Assessment Corporation have agreed to a settlement of the appeal.