Provincial Land Tax Reform
In the fall of 2012, MPAC mailed a Property Assessment Notice 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.
The last province-wide Assessment Update took place in 2008.
MPAC is legislatively responsible for updating this information even in a year when a province-wide assessment update is not taking place.
Contact MPAC if you have any questions about your assessment. For questions about your property taxes, please contact your municipality/local taxing authority.
How MPAC assesses properties in the Unincorporated Territory
To establish the assessed value of the properties in non-municipal areas, MPAC's staff collect and analyze property sales to ensure that similar property types are valued consistently.
When assessing a residential property, MPAC looks at all of the key features that affect market value. Five major factors usually account for 85% of the value: location; lot dimensions; living area; age of the structure(s), adjusted for any major renovations or additions; and quality of construction.
Examples of other features that may affect your property's value include: number of bathrooms; fireplaces; garages, workshops and boathouses.
Site features can also increase or decrease the assessed value of a property such as type of access, topography, and lot services such as hydro, water, and sanitary/septic services.
|2012 Property Assessment Change Notice (REFORM) Information Insert included with every Notice
(PDF or HTML)
|2012 Property Assessment Change Notice (LOCALITY) Information Insert included with every Notice
(PDF or HTML)