South Glengarry Multi-Residential Tax Rate Decreases in 2018

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Lancaster, ON, July 9, 2018 – The Township of South Glengarry is pleased to announce that the 2018 multi-residential tax rate has been significantly lowered compared to the 2017 rate, providing a large savings to South Glengarry property owners of multi-residential units of six or more.

This decision follows the United Counties of Stormont, Dundas and Glengarry announcement to lower multi-residential taxes at the upper tier.  “In order to encourage development of affordable housing, the Provincial government has created the ‘New Multi-Residential’ assessment class and required its property taxation to equal residential property tax rates. In order to avoid the situation where existing multi-residential properties pay higher tax rates than new multi-res developments, SDG County Council approved that residential property tax rates would also apply to all multi-residential property classes. This decision not only encourages apartments with affordable rent to be built in SDG, but it also treats all multi-residential properties fairly,” said SDG Director of Financial Services, Vanessa Metcalfe. 

In 2017 the Multi-Residential tax rate was 2.164719%. In 2018 it will decrease to 1.263357%, resulting in a savings of $901 a year per $100,000 of assessment.

The economic impact of equalizing the tax rate with the existing residential rate will encourage new multi-residential growth and allow property owners to provide affordable rentals, translating into a savings for tenants. 

“Lancaster has a large capacity of serviceable land ready to be developed,” said Shauna Baggs, Economic Development and Tourism Coordinator, “Our doors are open!”

For more information, contact Lachlan McDonald, General Manager of Corporate Services at 613.347.1166 ext. 263 or lmcdonald@southglengarry.com.

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