St. Marys Paper of Sault Ste. Marie, Ontario has won a property tax appeal. (The mill has been closed, no restart date has been announced.)
The company appealed its property assessment for 2006, 2007, and 2008.
An assessment board has ruled that the total assessment (both property taxes and education taxes) be reduced from $12.935 million to $3.78 million. This reduction will also have an affect on the tax years 2009, 2010, and 2011 due to the concept of tax capping.
