Politics
Liberty Village Mayor Issues Rollout Timeline for Property Assessment Update Affecting Resident Tax Notices
Property owners across Liberty Village will first encounter revised assessment figures in notices mailed after October 2026, with changes appearing in 2027 billing statements.
How we reported this
The Liberty Village mayor's office released a phased implementation schedule on July 7 for the updated municipal property assessment procedures approved by council in June. The changes apply to all residential and commercial properties within the municipality boundaries and will alter the basis for calculating local service charges.
The update arrives ahead of the annual budget preparation cycle that begins in August. Council documents indicate the revised assessment framework incorporates new valuation data collected through the 2025 review process, replacing the previous schedule that had remained in place since 2021.
Timeline for Local Impact
Residents will begin to see effects in stages. Updated assessment notices are scheduled for distribution starting in October 2026 to owners in the core commercial district and selected residential zones. Full application to all properties is projected to occur by March 2027, when the next round of annual billing statements is prepared. Homeowners in the western wards can expect their first revised notices by December 2026, while those in the eastern residential areas will receive them in the first quarter of 2027.
The legislation states that the new procedures will recalculate the assessed value used for determining contributions to road maintenance, waste collection and parks operations. For a typical single-family home, this means the amount listed on the January 2027 statement will reflect the October 2026 valuation rather than the 2021 figure still in use.
Evidence from Council Records
Council budget papers for the current fiscal year list 42,800 properties subject to the assessment process. The documents project that the transition will require 18 months from initial notice distribution to complete integration with the billing system, with interim adjustments handled through the existing appeals office on Main Street.
Public information sessions are scheduled to begin in late August at the municipal centre, followed by an online portal for individual property data checks that opens on September 1. The government says the policy will conclude its rollout by June 2027, after which the next full assessment cycle is set for 2031.