Most Ontarians are completely unaware that Property Tax rebates and refunds are available to them if any of the following situations apply:
- The property’s tax class has changed during the year. e.g. Commercial property is converted to a residential property
- A home was either destroyed by fire, demolished, or otherwise is deemed unusable for at least a 3-month period
- The home underwent repairs or renovations during the year which prevented the home to be lived in for at least 3 months during the year
- The taxpayer is unable to pay taxes because of sickness or extreme poverty.
In order to qualify for Property Tax Rebates, the property must be the homeowner’s Principal Residence. This rebate does not apply to cottages, investment properties, and second homes.