Understanding your Property Assessment Notice
MPAC mails a Property Assessment Notice to property owners in Ontario every four years. The Notice you received in 2016 is MPAC’s assessed value of your property as of January 1, 2016. The previous province-wide Assessment Update took place in 2012.
We continue to update property information during non-Assessment Update years. New homes are built, owners renovate, structures are removed or demolished and properties change use. MPAC is legislatively responsible for updating this information, even when a province-wide Assessment Update is not taking place. Notices are mailed each fall to reflect these types of changes.
MPAC’s 2012 assessed value of your property is also included on your Notice. Your 2012 value, as shown on your 2016 Notice, may not necessarily be the same value that appeared on your 2012 Notice, if your property underwent a change that affected its value.
What do I do with my Property Assessment Notice?
Your Property Assessment Notice has important information for you as a property owner. Please review it and file it away for your records. No action is required unless you have questions about your assessment.