MPAC RE­ASSESS­MENT RE­FRESHER

The Hamilton Spectator - - LOCAL -

Re­mem­ber: your taxes won’t go up just be­cause your as­sessed prop­erty value went up. The av­er­age Hamil­ton prop­erty is set to jump in as­sessed value by 27% — but that change is phased in over four years. If your as­sessed prop­erty value in­creases by more than the city av­er­age, ex­pect a tax hike. If it in­creases by less than the av­er­age — or de­creases — ex­pect a lower-than-av­er­age tax bump. In rare cases, you could see a tax cut.

THE HAMIL­TON SPEC­TA­TOR

Spik­ing home val­ues in parts of the city will be re­flected in the com­ing tax hike. Homes in wards 1 through 3 will see the big­gest in­crease.

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