CAP costs Region of Queens

The Region of Queens is losing about 500 thousand dollars in revenue as a result of the provincial CAP. Mayor John Leefe says the Cap Assessment Program has reduced in Queens the amount of taxable property by 130 million dollars, and that's a lot of money. Leefe says the largest cost for the Region is Education which is roughly two and a-half million. Policing is in the 1.5 to 2 million dollar range and there are landfill fees and others costs as well.
A presentation to Council by Property Valuation Services shows residential and commercial properties in the Municipality are valued at 932 million. However, that figure drops to 802 million because the CAP protects more than 8 thousand properties from large assessment hikes .