09-04-2019, 07:27 AM
Not only are you able to demolish a building and leave the land empty, our tax regime incentivizes you to do so- obviously the assessed value of vacant land is less.
Until this year, the Region (along with many other Ontario municipalities) had a vacant property tax rebate that reduced the taxation on commercial units that weren't put to use.
Until this year, the Region (along with many other Ontario municipalities) had a vacant property tax rebate that reduced the taxation on commercial units that weren't put to use.