The Municipal Property Assessment Corporation (MPAC) is responsible for
the calculating and setting of all assessment values in Ontario. To
establish your property’s assessed value, MPAC analyzes property sales
in your community. This method is called Current Value Assessment. In
addition to sales, they look at a variety of other key features of every
property. Some of the major factors utilized are: location, lot size,
living area, age of the property, major renovations or additions, and
quality of construction. MPAC will analyze the key features of your
property with sales of comparable properties in your community to
determine the final assessment value.
MPAC mails a Property Assessment
Notice to all property owners in Ontario every four years. The Notices
being mailed out in 2016 represent MPAC’s assessed value of your
property as of January 1, 2016. To evaluate if your assessed value is
accurate, simply ask yourself if you could you have sold your property
for its assessed value on January 1, 2016. If the answer is “yes”, then
you have been assessed appropriately. If the answer is “no”, you may
file a “Request for Reconsideration” and MPAC will review your
assessment, free of charge. Your deadline to file a “Request for
Reconsideration” is printed on your Property Assessment Notice. The easiest way to start the review of your property’s assessment is to visit www.aboutmyproperty.ca
Page one of your Property Assessment Notice has your Roll Number and
Access Key. You will need these to log into the website. If you do not
have your most recent assessment notice, contact MPAC at
1 866 296-MPAC (6722). More information and details about your assessment can be obtained at www.mpac.ca.