In October 2024, the Province filed O.Reg. 419/24, which officially extended the January 1, 2016 current value assessment base year to apply to the 2025 taxation year. With this postponement, the valuation date of a property’s current value assessment remains as at January 1, 2016 and, excluding any in-year changes to a property, the current value assessment used for 2025 taxation is the same as what was used for 2024 taxation.