Property Taxes and Assessment

Property Assessments

Property assessments are administered by the Municipal Property Assessment Corporation (MPAC). MPAC’s main responsibility is to provide the taxpayers and municipalities of Ontario with property assessment excellence and outstanding service through consistent and accurate property assessments. 

To establish your property’s assessed value, MPAC analyzes property sales in your community to determine the Current Value Assessment (CVA).  For residential properties, they consider all of the key features which affect market value. 

Five of the major factors that usually account for 85% of the value are:

• location;
• lot dimensions;
• living area;
• age of the structure(s), adjusted for any major renovations or additions; and
• quality of construction

MPAC is also responsible for the classification and assessment of Farm, Commercial, Industrial, Multi-Residential, Pipe line and Managed Forest property types. 

For more information regarding your property, MPAC has developed a site to access more details and learn more about your property:  https://www.aboutmyproperty.ca/

Municipal Property Assessment Corporation (MPAC) is responsible for assessing and classifying all properties in Ontario. Every 4 years, MPAC conducts a province-wide Assessment Update, and a Property Assessment Notice is issued to every property owner. 2020 will be the next assessment year.