Ontario's falling house prices may exacerbate unfairness in the province's four-year property tax assessment process and the province may want to cap or cancel its 2008 assessment, the head of a ratepayer group says.**********
Bob Topp, chairman of Coalition After Property Tax Reform (CAPTR), said almost one million property owners in Ontario saw increases of more than 30% in their 2008 assessments.
However, homes are beginning to fall in price and properties aren't scheduled to be re-assessed for four years.
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...the Ignatieff camp continues its stringent vetting process.*