Question:

What is Current Value Assessment (CVA)?

by Guest801  |  6 years, 7 month(s) ago

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What is Current Value Assessment (CVA)?

 Tags: assessment, current, CVA, value

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  1. Guest802

     In 1998, the Province of Ontario reformed the property assessment legislation in Ontario with the implementation of Current Value Assessment (CVA). Under this new assessment system, all property assessments in Ontario are updated on a regular basis. 

    The CVA of a property represents an estimated market value, or the amount that the property would sell for in an open market, arm's length sale between a willing seller and a willing buyer at a fixed point in time. 

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