This article is the second in a series which examines the new valuation approach utilized by Ontario’s property assessors for most industrial, as well as certain commercial and institutional properties for the first time in the 2003 taxation year. The article examines the need for property owners and their advisors to be familiar with the parameters of the “model” building used in this new valuation approach and the importance of ensuring the assessment of their buildings are fine-tuned to reflect the actual building components and the relevant soft costs.

type Property Taxation: An Introduction to Automated Costing