In August 2023, the Province filed O.Reg. 261/23, which officially extended the January 1, 2016 current value assessment base year to apply to the 2024 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 2024 taxation is the same as what was used for 2023 taxation.