The Municipal Property Assessment Corporation (MPAC) is responsible for the assessment on all properties province-wide. The assessed property value on your assessment notice is as of January 1, 2016. The increase in value is phased-in equally over four years (2017, 2018, 2019 and 2020). Due to the COVID-19 pandemic, the Ontario government has postponed the 2020 Assessment Update. They have indicated that property assessments for the 2022 and 2023 property tax years will continue to be based on the fully phased-in January 1, 2016 current values. This means your property assessment for the 2023 property tax year will be the same as the 2021 and 2022 tax years, unless there have been changes to your property.
Watch this video from MPAC for more information on how they assess properties:
If you have more questions, visit the MPAC webpage regarding assessments.
How are Properties Assessed?
While MPAC considers more than 200 factors when assessing a property, there are five factors that make up the majority of their assessment: location, living area (square footage), age of the property, lot dimensions and quality of construction.
How do I Dispute an Assessment?
If you believe your property assessment value is incorrect you will have to appeal the value to MPAC directly. To begin, owners are encouraged to use MPAC's About My Property tool to compare their property with other similar, nearby properties. If you still disagree with your assessment value, you will have to complete a Request for Reconsideration. The deadline to submit the request is stated on your assessment notice. If you have misplaced this notice, or if you have any further questions about assessments, please contact MPAC directly.
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