Friday, April 19, 2013

Domtar's Espanola Asks for Tax Help

The MPP for Algoma-Mantioulin says the Town of Espanola is still waiting for information from the province about property reassessment. Two months ago, the town received notice that Domtar's mill had been reassessed to be worth $9.9 million — down from the previous $26 million.
The change means the town owes the company $4 million in back taxes and will lose about $1 million each year from its tax base.