06/12/2026
π‘ Quick but important one for anyone buying in Ottawa: the property tax bill on your new home might not match what you just paid for it.
Property tax assessments tend to lag behind actual market value. And in Ontario, assessments haven't been broadly updated since 2016. That means the tax bill you inherit when you buy is often based on older, lower values, not today's prices.
That's good news in the short term. The catch is what happens when reassessment resumes. A lot of Ottawa homeowners could be looking at a sizeable adjustment, and you don't want that to catch you off guard.
The smart move is simple. Build a potential reassessment into your numbers before you buy, not after the bill arrives.
Want help mapping out the full monthly cost of a home, taxes included? Comment NUMBERS and I'll send you my Ottawa Upsizer Affordability Calculator.
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