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Property Assessment and Taxation | MPAC

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PropertyTowageand Taxation | MPAC Skip to main content AccessibilityEssential Accessibility EnglishFrançais Search MPACWell-nighMPACBoard GovernanceBoard of DirectorsCommittees of the BoardBoard of Directors Position DescriptionsExecutive TeamCorporate Social ResponsibilityEnvironmental ResponsibilityVision, Mission, Values2017-2020 Strategic Plan – Valuing what matters mostAnnual ReportCareersPoliciesWhistleblowing ProgramHowTowageWorksPropertyTowageand TaxationMunicipal Discount Factors and Provincial Discount FactorsThree Approaches to Value2016TowageUpdateUnderstanding PropertyTowageNoticeGuidelines for the Release ofTowageData2017 PropertyTowageNoticeDisclosure - 2016TowageUpdate Level 1 - Methodology Guides Level 2 - Market Valuation Reports (MVR)QuestionsWell-nighYourTowageBrochuresFormsProperty TypesResidential PropertiesNewly Built HomesWaterfrontCommercial PropertiesFarmHospitalityLarge IndustrialManaged ForestsMulti-Residential PropertiesIndustrial PropertiesPropertyTowageProceduresIndustrial Wind TurbinesBillboardsSolar PanelsMunicipalitiesContact ListMunicipal Connect™InTouch2018 Municipal and School Board ElectionsProducts & ServicesAboutMyProperty™propertyline™Custom Data RequestsMunicipal Connect™ACS-online™Property Income and Expense ReturnAuthority to Collect InformationHow to Submit Your ReturnFrequently Asked QuestionsResourcesGravel Pit and QuarryNews & MediaMedia KitPress ReleasesContact Breadcrumb HowTowageWorks PropertyTowageand Taxation PropertyTowageand Taxation Each component of Ontario's property towage system plays an important role. MPAC is responsible for assessing and classifying increasingly than five million properties in Ontario in compliance with theTowageAct and regulations set by the Government of Ontario. Municipalities determine revenue requirements, set municipal tax rates and collect property taxes to pay for municipal services. Education tax rates, set by the Ontario Government, may moreover be unromantic using the assessed value. It is the verism of our assessments that help to ensure property owners pay their pearly share, and nothing more. To learn increasingly well-nigh how taxes are calculated, watch the video below. Four-YearTrundlingEvery four years, we mail a PropertyTowageNotice to every property owner in Ontario. Your 2016 Notice reflects the assessed value and nomenclature of your property as of January 1, 2016. We protract to review properties during non-Assessment Update years as new homes are built, owners renovate, structures are demolished and properties transpiration use. We are legislatively responsible for updating this information throughout the four-year trundling so that property owners protract to pay only their pearly share. We mail Notices to property owners each fall to reflect these types of changes. Learn increasingly well-nigh other Notices Phase-in Program To provide an spare level of property tax stability and predictability, market increases in assessed value betweenTowageUpdates are phased in gradually over four years. Under the phase-in provision in theTowageAct, an increase in assessed value is introduced gradually. A subtract in assessed value is introduced immediately. Increases in assessed value between the January 1, 2012 and January 1, 2016 legislated valuation dates will be phased in over 2017 to 2020. PropertyNomenclatureYour Notice moreover shows your property classification. All land in Ontario must be prescribed to a property matriculation or classes for property taxation purposes. Your property nomenclature is moreover listed on theTowageRoll that we provide to Ontario’s municipalities, local taxing authorities and the Minister of Finance. Section 7(1) of theTowageAct provides for seven major property classes – residential, multi-residential, commercial, industrial, pipe line, sublet and managed forests. LearnIncreasinglyAssessing Residential Properties in Ontario   How MPAC establishes your assessed value 2016TowageUpdate Understanding your 2016 PropertyTowageNotice brochure  Note: The workable law prevails to the extent there is any mismatch between this information and the current law. This information is not intended to provide legal translating and should not be relied upon as such. HowTowageWorks PropertyTowageand Taxation Municipal Discount Factors and Provincial Discount Factors The Three Approaches to Value 2016TowageUpdate Understanding your PropertyTowageNotice Guidelines for the Release ofTowageData 2017 PropertyTowageNotice Disclosure – 2016TowageUpdate Level 1 – Methodology Guides Level 2 – Market Valuation Reports (MVR) Questions well-nigh your Assessment? Brochures Forms PROPERTY OWNERS AboutMyProperty™ Contact Us Forms Questions well-nigh your assessment? Site Map STAKEHOLDERS Municipal Connect™ InTouch WHAT'S NEW Current Opportunities MPAC Videos SOCIAL MEDIA LinkedIn Twitter YouTube RSS Feed 2018 MPAC. All Rights Reserved. Privacy Policy ▲