Property Owners

Residential Properties

One way to check the accuracy of your assessment is to compare it to the assessed value of similar properties in your neighbourhood. 

Five major factors that account for 85% of the value:

  • location;
  • lot dimensions;
  • living area;
  • age of the property, adjusted for any major renovations or additions; and
  • quality of construction.

Some other features that may affect value include:

  • finished basements;
  • garages;
  • pools;
  • fireplaces;
  • number of bathrooms; and
  • the type of heating and air conditioning.

Site features can also increase or decrease the assessed value of your property, such as:

  • traffic patterns;
  • being situated on a corner lot; and
  • proximity to a golf course, hydro corridor, railway or green space.

Comparable property information is available from MPAC free of charge.  Read MPAC’s fact sheets on choosing comparable residential properties or visit AboutMyProperty™.

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