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Add dealer administration and registration fees of up to $799, fuel fill charge of up to $120 and applicable taxes, then drive away. 12 • WATERLOO CHRONICLE • Thursday, May 25, 2017 Continued from page 1 "While the region is aware that settlements are being worked on for a number of appeals relating to big box stores, we did not increase the write- off budget for 2017 for such appeals," dyer said. "This budget is 'general provision' rather than a 'property spe- cific provision.' "Normally we prefer not to increase/decrease the budget from year to year but rather have it at a level that is sufficient to cover the average of annual write-offs over past years. From year to year, there may be variances from the annual budget amount for write-offs, as in 2016 when we experienced higher write-offs as the assessment review Board worked through a backlog of appeals." so far in 2017, Waterloo hasn't had to process any property tax reim- bursements, but "is anticipating it will be an issue because it has been an issue for other municipalities across Ontario," hettinga said. at a city committee meeting May 15, hettinga acknowledged these claims will create a large deficit in the coming years, but that is some- thing the city is prepared for through budgeting for it every year, including putting aside $335,000 in 2017, and saving a tax adjustment allowance of $681,000. Changes at MPaC have resulted in older cases, some dating as far back as eight years, being processed. If big box stores are valued at a lower rate, the city, region, and school boards will be responsible for paying back the difference retroactively. The region will be hit the hardest when appeals are concluded, as it receives the most from property tax bills at 54 per cent. Waterloo receives 30 per cent and education taxes account for 16 per cent. MPaC was not immediately avail- able for comment. MPAC appeal leaves cities waiting for the financial fallout "While the region is aware that settlements are being worked on for a number of appeals relating to big box stores, we did not increase the writeoff budget for 2017 for such appeals." Craig Dyer Chief financial officer for the Region of Waterloo 455 KING STREET NORTH, WATERLOO • 519-884-5110 WWW.PARKWAYFORDLINCOLN.COM