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% of Properties Changing +/- 10% per year in RN taxes
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The percentage of accounts where the revenue neutral taxes are within plus or minus 10% per year of the previous year’s taxes.
RN (Revenue Neutral) is defined as "your share of tax that has been re-distributed as a result of the reassessment and assuming
a 0% tax rate change by Council and the Provincial Government".
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% of Properties Decreasing in RN Taxes
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Percentage of accounts that will see a decrease in RN taxes due to the reassessment based on the current year’s revenue neutral tax rate.
RN (Revenue Neutral) is defined as "your share of tax that has been re-distributed as a result of the reassessment and assuming a 0% tax
rate change by Council and the Provincial Government".
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% of Properties Increasing in RN Taxes
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Percentage of accounts that will see an increase in RN taxes due to the reassessment based on the current year’s revenue neutral tax rate.
RN (Revenue Neutral) is defined as "your share of tax that has been re-distributed as a result of the reassessment and assuming a 0% tax
rate change by Council and the Provincial Government".
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1 and 1/2 Storey
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A building with two floors above grade. The upper floor has a sloped ceiling creating pony or knee walls.
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2 and 1/2 Storey
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A building with three floors above grade. The uppermost floor has a sloped ceiling creating pony or knee walls.
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2 Storey
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A building with two floors above grade. The upper floor will have standard or extra wall height. The upper floor area is greater than 30% of the main floor footprint (living area plus garage area).
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2 Storey/1 Storey Combo
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A building with two portions above grade. In one portion there is a main and upper floor, while the second portion of the building only has a main floor. The main floor of both portions is continuous. The upper floor will have standard or extra wall height.
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3 Level Split
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A building with split joists that has three distinct floors of living area separated by stairs.
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3 Storey
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A building with three floors above grade. All upper floors have standard or extra wall height.
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4 Level Split
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A building with split joists that has four distinct floors of living area separated by stairs.
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