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MVA |
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The Harris government attempted to eliminate business occupancy tax (business property tax paid directly to the city), but instead the province opted for market value assessment, Cardwell says. To even out the inequities, some cities have tried a scheme called Market Value Assessment (MVA). However, this will be adjusted up or down; subject to a maximum of 96%, depending on Fitch's stressed market value assessment and the result of an asset percentage calculation, which is part of the ACT. |
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