2012 Assessment Update
In the fall of 2012, MPAC mailed a Property Assessment Notice (PAN) to every property owner in Ontario. The 2012 Notices provided the classification and updated assessed value for property in Ontario based on a legislated valuation date of January 1, 2012.
Four Year Assessment Cycle
Every property in Ontario is assessed once every four years. In each non-assessment update year, we prepare approximately one million Property Assessment Notices for owners of new properties or properties where a change has taken place.
To provide an additional level of property tax stability and predictability, market increases in assessed value between the January 1, 2008 and January 1, 2012 legislated valuation dates will be phased in over four years (2013-2016). The phased-in values for your property are indicated on your Property Assessment Notice. The phase-in program does not apply to decreases in assessed value, which are applied immediately.
|Interactive PAN||Sample PAN||Information Insert|
Cathy Ranieri Sweenie
Manager, Public Affairs