2014 Property Assessment Change Notice
Why did I receive a Property Assessment Change Notice from MPAC?
You received this Notice from MPAC because:
- of a change to your property such as an addition, new construction (e.g., new house was built) or renovation; or,
- land or a structure on your property was not assessed on the previous assessment roll; or,
- of a change to your property’s classification; or,
- your property no longer qualifies to be assessed as farm lands, conservation lands or managed forests; or,
- your property no longer qualifies to be exempt from taxation.
This assessment change is in addition to your existing assessment.
|2014 Property Assessment Change Notice Information Insert included with every Notice
(PDF or HTML)
|Sample 2014 Property Assessment Change Notice|
Omitted or supplementary property assessments
Between annual assessment rolls, changes to properties continue taking place; new homes are constructed, owners renovate, additions are built, the use of the property changes, etc. Provincial legislation allows municipalities to collect property taxes on these changes and improvements through the omitted or supplementary assessment process as soon as they begin to be used.
MPAC assists with this process by visiting properties with changes to determine the current value assessment of the improvements.
Once the current value assessments of the improvements have been determined, MPAC notifies municipalities throughout the year by issuing omitted/supplementary assessment listings. Municipalities use these listings to update the taxes owing on the improvements and/or changes. MPAC also advises property owners of the change in their current value assessment or classification by mailing Property Assessment Change Notices for omitted and supplementary assessments.
- Omitted Assessments are issued when the current value assessment for an improvement (e.g., a new home or addition) was not previously recorded on the annual assessment roll. When an omitted assessment is added to the roll, the municipality can collect property taxes for the current year and, if applicable, for any part or all of the previous two years.
- Supplementary Assessments are issued when there has been a change to a property during the current taxation year due to a change in property classification, an addition, renovation or new construction. When a supplementary assessment is added to the roll, the municipality can collect additional property taxes from the date the use commences to the end of the current taxation year.
Examples of Supplementary and Omitted Assessments
An Addition Built on an Existing Home and Occupied in 2012 (Omitted Assessment)
An addition was built and commenced to be used on November 12, 2012. The addition was assessed during the 2013 taxation year. It is determined that the addition increases the existing current value of the property by $40,000.
|2008 CVA after addition has been added||$350,000|
|2008 CVA of original house||$320,000|
|2008 CVA of improvement||$30,000|
|2012 CVA after addition has been added||$440,000|
|2012 CVA of original house||$400,000|
|2012 CVA of improvement||$40,000|
For the 2012 taxation year, an omitted assessment for $30,000 attributable to the addition will be issued effective November 12, 2012 to December 31, 2012.
For the 2013 taxation year, an omitted assessment for $40,000 attributable to the addition will be issued effective January 1, 2013 to tax date issued by your municipality/local taxing authority.
New House Built and Occupied During the Tax Year (Supplementary Assessment)
A new house is built on a vacant lot and is completed and occupied on July 1, 2013. The property was shown on the assessment roll for the 2013 taxation year as vacant residential land. CVA stands for Current Value Assessment.
|2012 CVA after update for new single-family dwelling||$325,0000|
|2012 CVA of vacant lot||$178,000|
|2012 CVA of improvement||$147,000|
For the 2013 taxation year, a supplementary assessment for $147,000 attributable to the new house will be issued effective July 1, 2013.