2012 Assessment Update
In the fall of 2012, all property owners in Ontario received a Property Assessment Notice with the updated assessed value of their property as of January 1, 2012.
Four Year Assessment Cycle
All property in Ontario is assessed once every four years by MPAC. Each property is assessed based on what a willing buyer would pay a willing seller for the property on a legislated valuation date.
To help provide an additional level of property tax stability and predictability, the Ontario Government has introduced a phase-in program where market increases in assessed value between January 1, 2008 and January 1, 2012 will be phased in over four years (2013-2016). The full benefit of a decrease is applied immediately.
|Sample Property Assessment Notice||Information Insert||Important Information Brochure|
YOUR PROPERTY. OUR ASSESSMENT.
KNOW MORE ABOUT IT @ www.aboutmyproperty.ca™
Learn how and why your property was assessed the way it was with AboutMyProperty™. Plus you can compare your property assessment with others in your neighbourhood and community. Look for your Roll Number and Access Key on your 2012 Property Assessment Notice.