On December 21, 2018, OWMA received a letter from the Minister of Finance, Vic Fedeli, to provide an update on the assessment of properties in the landfill class for property tax purposes.
In his letter Minister Fedeli confirmed that, in order to maintain stability for landfill operators and municipalities, the Province intends to maintain the current valuation methodology for properties in the landfill class for the next reassessment. This means that landfills will continue to be assessed based on vacant industrial land values.
This decision is very positive, not just for landfill operators, but also for all other waste management facilities that faced a similar risk of having their property assessments changed to an income-based approach for property taxation. New regulatory amendments to implement this decision will be brought forward in 2019.