Property tax reassessments that were supposed to be completed this year by the Municipal Property Assessment Corporation for application to the 2021 taxation year will be deferred for one year. Assessments for the 2021 tax year will continue to be based on the same valuation date that was in effect for the 2020 taxation year. Benefits will vary for individual members as a revaluation may have provided a benefit to some businesses or an added cost, depending on their municipality and revised property value.
Average Brokerage = Likely to have a financial savings, but dependent on location and property value