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Residential Properties | 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 Property Types Residential Properties Residential Properties Residential properties include those in small and large urban areas, as well as rural and waterfront locations. Together, MPAC values 4.6 million residential properties across Ontario. In 2016, MPAC updated the assessed values of every property in Ontario. Our assessors are trained experts in the field of valuation and wield valuation industry standards and weightier practices. How your property is assessed We squint at sales and compare your property to similar properties that have sold in your area. This tideway is called Current Value Assessment, and is used by most towage jurisdictions in North America. While over 200 factors are considered when assessing a property, these five factors worth for 85% of your home’s value: Age of the property, adjusted for any major renovations or additions LivingZoneLocation Lot Dimensions Quality of Construction Some other key features may moreover stupefy the value. Primary Structures Secondary Structures Site Features Structural Features We squint at land title documents as well as towers permits and often self-mastery on-site property inspections to ensure we have the most up-to-date and well-judged information on your property. The relationship between your towage and your taxes MPAC provides your property’s towage information to your municipality/local taxing authority. The assessed value and nomenclature of your property is used as the understructure for gingerly your property taxes. The new value on the Notice you received in 2016 is used by your municipality/local taxing validity to summate your taxes for the 2017-2020 property tax years. Under the phase-in provision in the Assessment Act, an increase in assessed value is introduced gradually over four years. A subtract in assessed value is introduced immediately. Learn increasingly well-nigh the relationship between towage and taxation:NomenclatureIn wing to valuing properties, we moreover classify every property in Ontario. There are seven major property classes: residential, multi-residential, commercial, industrial, pipeline, sublet and managed forests. Some properties may vest to increasingly than one class. For example, if a towers has an suite on the top floor and a retail store on the main floor it would fall into two classes - residential for the suite and commercial for the store. Questions well-nigh your assessment? Visit aboutmyproperty.ca to learn increasingly well-nigh how your property was assessed, see the information we have on file, as well as compare it to others in your neighbourhood.Squintfor your Roll Number and Access Key on your PropertyTowageNotice to register. If you still disagree with your property’s assessed value or classification, we will review your towage self-ruling of tuition through a Request for Reconsideration (RfR). Your deadline to file an RfR with MPAC is included on your PropertyTowageNotice. Learn increasingly well-nigh your assessment. Learn increasingly How MPAC assesses property Explore market trends in your neighbourhood Take a squint at our brochures for increasingly information Learn increasingly well-nigh our disclosure activities - which include three levels of information shared with taxpayers, municipalities and other stakeholders Read the Residential Methodology Guide The Request for Reconsideration process 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. 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