Municipalities can now opt out of the small-population rule for resort condominium property tax classification

Plain-language summary · AI-assisted · not legal advice

A provision that had been revoked is replaced with a new rule allowing single-tier or upper-tier municipal councils to pass a by-law waiving the requirement that a resort condominium unit be located in a municipality with a population of 10,000 or less. To use this option, the municipality must have had land in the resort condominium tax class in the preceding taxation year. The by-law automatically applies for the year it is passed and any future years the resort condominium class remains active in that municipality. Upper-tier municipalities can only waive the population rule for a lower-tier municipality if that lower-tier municipality also had qualifying resort condominium land in the prior year. Resort property owners and managers in municipalities that previously could not qualify due to population size should check whether their council has passed or intends to pass such a by-law.

Who this affects: resort condominium unit owners · resort operators · single-tier and upper-tier municipal councils · property tax assessment professionals