How would you like your property taxes slashed in half? The Niagara Fallsview Casino Resort convinced property tax assessors to do just that. The casino claims the value of its property has plummeted 75 per cent. But now the rest of the taxpayers in Niagara region are going to be asked to pick up the difference.
When the Niagara Fallsview Casino first opened ten years ago it was billed as a billion dollar resort. Now the Municipal Property Assessment Corporation is saying the casino is only worth about 25 per cent of that.