Understanding Your Assessed Value

To establish your property’s assessed value, 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.

Other features that may affect value include: number of bathrooms, fireplaces, garages, pools, whether properties have water frontage, and so on.

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.

You may also obtain detailed information on up to six properties MPAC believes to be comparable to yours, free of charge, by submitting a request through our contact us form or sending a written request to:

MPAC, Attention: GRAD
P.O. Box 9808
Toronto ON M1S 5T9

Fax: 1 866 297-6703

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.

Related Information

Guide to Property Assessment in Ontario
Resolving Assessment Concerns
Residential Property Assessment
Small Commercial and Industrial Property Assessment
Farmland Property Assessment
Recreational Waterfront Property Assessment
Guide to Assessment of Newly-Built Homes
Aggregate Sales Data
Market Model Report Information