Provincial Land Tax Reform

Provincial Land Tax Reform
Taxation
How MPAC assesses properties in the Unincorporated Territory
To Learn More

Provincial Land Tax Reform

On December 20, 2006, Bill 151, the 2006 Budget Measures Act  received Royal Assent. This included the Provincial Land Tax Act, 2006 which came into force on January 1, 2009.

Taxation

Properties located in non-municipal territory outside the territory of any school board or municipality are subject to the amount of provincial property tax as well as taxes imposed by local services boards and local roads boards, if applicable.

Properties located in a non-municipal territory but within the territory of a local school board are subject to taxes and school taxes above.

How MPAC assesses properties in the Unincorporated Territory

To establish the assessed value of the properties in non-municipal areas, MPAC analyzes sales of comparable properties in your area. This method, called Current Value Assessment (CVA), is used by most assessment jurisdictions in North America. In addition, we look at all of the key features that affect market value. When assessing residential properties 200 different factors are considered.

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

  • location;
  • lot dimensions;
  • living area;
  • age of the property, 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.

To Learn More

You can obtain detailed information about your property and up to 24 additional properties of your choice, free of charge, by logging in to aboutmyproperty.ca.

In reviewing your assessed value, you should consider all relevant sales of similar properties in proximity to your property. You should also select sales that are close to the legislated valuation date. In circumstances where there are limited sales or similar properties, the time frame for selecting sales and geographic area for comparable properties may be expanded.

Note: The applicable law prevails to the extent there is any conflict between this information and the current law. This information is not intended to provide legal advice and should not be relied upon as such.