Changes in ownership, value, classification, school support trigger
mailing of new Property Assessment Notice
PICKERING, ON, Nov. 2, 2011 /CNW/ - Almost one million property
taxpayers will receive Property Assessment Notices this fall, according
to the Municipal Property Assessment Corporation (MPAC), which began
mailing Notices this week.
"MPAC is responsible for updating the assessment information in its
database on an ongoing basis," said Carl Isenburg, President and Chief
Administrative Officer of MPAC.
"If there have been any changes to a property, we mail a Property
Assessment Notice reflecting those changes to the owner of the
property," said Isenburg.
Property taxpayers 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.
Property owners who receive a Property Assessment Notice this fall have
until April 2, 2012 to ask MPAC to reconsider their assessment. This
will be done at no charge. Details on how to file a Request for
Reconsideration have been included with every Notice mailed.
"If property owners have any questions or concerns about their
assessment, I encourage them to contact us. We will help to answer
questions and review the information we have on file," said Isenburg.
Property owners can also access detailed assessment information about
their own property and comparable properties through AboutMyProperty™
at www.mpac.ca. Every Notice mailed this fall includes personalized passwords to
MPAC (www.mpac.ca) 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. It 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. Municipal enumerations are also conducted by
MPAC in order to prepare a Preliminary List of Electors for each
municipality and school board during an election year.
The last province-wide Assessment Update of Ontario's more than 4.8
million properties took place in 2008 and was based on the legislated
valuation date of January 1, 2008. The next province-wide Assessment
Update will take place in 2012 and will be based on the legislated
valuation date of January 1, 2012.
MPAC has 33 local offices located across Ontario. Its head office is
located in Pickering.
SOURCE Municipal Property Assessment Corporation
For further information:
Municipal Property Assessment Corporation