PICKERING, ON, Oct. 30, 2013 /CNW/ - Approximately one million property
owners will receive Property Assessment Notices this fall to reflect
changes in ownership, value, classification and/or school support,
according to the Municipal Property Assessment Corporation (MPAC).
In the fall of 2012, every property owner in Ontario received a Property
Assessment Notice as the result of a province-wide Assessment Update;
however, MPAC continues to update property information during
non-Assessment Update years as new homes are built, owners renovate,
structures are removed and properties change use.
"To ensure we are delivering fair and accurate assessments for
Ontarians, we are committed to updating property information on an
ongoing basis" said Larry Hummel, MPAC's Chief Assessor. "Property
owners will only receive a Property Assessment Notice this year if the
assessment information for their property has changed."
Property owners will receive a Notice from MPAC if there has been:
a change to property ownership, legal description or school support;
a change to a property's assessment resulting from a Request for
Reconsideration or Assessment Review Board decision;
a property value increase/decrease reflecting a change to the property,
for example, a new structure, addition or removal of an old structure;
a change in the classification or tax liability of the property.
Each Notice mailed this fall shows the assessed value and classification
of a property based on the legislated valuation date of January 1,
2012, which is in place for the 2013-2016 tax years. All eligible
assessment increases are phased-in over four years while decreases are
applied immediately. The next province-wide Assessment Update will take
place in 2016.
Property owners are encouraged to visit MPAC's self-service portal www.aboutmyproperty.ca to confirm their property details and compare their property with
others in their neighbourhood. 2013 Notices will include a Roll number
and personalized Access Key which can be used to log on to aboutmyproperty.ca. AboutMyProperty™, available in French and English, will be updated
with the latest Notice information in December 2013.
Property owners who receive a Property Assessment Notice this fall have
until March 31, 2014 to submit a Request for Reconsideration (RfR)
asking MPAC to reconsider their assessment. For greater convenience,
RfRs can now be filed directly through aboutmyproperty.ca. Additional information on how to file has been included with every
MPAC is a not-for-profit corporation funded by all Ontario
municipalities. MPAC is responsible for administering a uniform,
province-wide property assessment system based on current values. In
the fall of 2012, MPAC mailed a Property Assessment Notice to every
property owner in the province - assessing nearly five million
properties with a total value of $2.17 trillion, adding
approximately $24 billion in new assessment growth to municipal rolls
MPAC provides a range of services, including the preparation of annual
assessment rolls for use by municipalities and the Province of Ontario
to calculate property taxes and education taxes. MPAC has local offices
located across Ontario and a head office located in Pickering.
In 2012, MPAC introduced a new four-year strategic plan (2013-2016)
which calls for innovative uses of technology as well as new business
processes that will help reduce costs. Overall, the implementation of
the strategic plan and its associated 18 strategic initiatives is
estimated to save as much as $20 million over the next four years.
AboutMyProperty™ is a secure self-service website that provides property owners with
convenient access to property assessment information. Property owners
can review their property details, site information and recent sales
information on their own property and similar properties in their
neighbourhood - free of charge.
SOURCE: Municipal Property Assessment Corporation
For further information:
Cathy Ranieri Sweenie
Manager, Public Affairs
1 866 296-MPAC (6722)