Property assessment notices are currently being mailed out to
owners by the Municipal Property Assessment Corporation (MPAC).
These notices apply to the 2013 through 2016 tax years.
The new property assessment notice sets out the current value
assessment for your property based upon a January 1, 2012 market
value. Your notice will show you how much your assessment has
changed since the last re-assessment for taxation years 2009 -
2012, when the current value assessment base date was January 1,
If your current value assessment is INCREASING since the last
re-assessment, that increase will be phased in over the four-year
assessment cycle and the notice will show the phased-in assessment
upon which your taxes will be based each year. If your property is
classified in more than one property class, the phase-in will be
shown for each property class.
By the year 2016, you will be assessed at your FULL current
This four-year assessment cycle is to be repeated each four
years, with the market value base year date being January 1st of
the year prior to the first year of the cycle.
When you appeal your assessment, you are appealing the FULL
current value assessment and, if successful in reducing the
assessment, adjustments would be made to the four-year
As market values have generally increased between 2008 -2012 one
would expect a property`s current value assessment to increase.
However, on the assumption that municipal realty tax revenue will
stay flat in any given year, you would only see an increase in
taxes if your assessment has increased more than the average in
your property tax class (Residential, Commercial, Industrial
Correction of Factual Errors
Commencing in 2009 and continuing in subsequent years, MPAC may,
at any time during the taxation year, correct any error in the
assessment or classification of a property that has resulted from
incorrect factual information about the property but not from a
change in opinion as to current value.
If you wish to challenge your new January 1, 2012 current value
assessment or tax classification, or if the amount shown on your
notice as your January 1, 2008 current value assessment does not
reflect the correct amount, you must file a request for
reconsideration to MPAC or an appeal to the Assessment Review Board
by no later than March 31, 2013.
If your property or any portion of it is classified in the
Residential, Farm or Managed Forest property tax classes, you MUST
first file a request for reconsideration to MPAC. If after MPAC has
made its determination of the request, you still wish to challenge
the assessment, the appeal deadline will be 90 days after MPAC has
mailed its determination.
The content of this article does not constitute legal advice
and should not be relied on in that way. Specific advice should be
sought about your specific circumstances.
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The CRA provides new housing rebates for individuals who have purchased or built a new house or have substantially renovated a house or made a major addition to a house who plan on living in it personally or letting a relative live there.
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