Municipal Property Assessment Corporation (MPAC) is responsible for assessing and classifying all properties in Ontario. Every four years, MPAC conducts a province-wide Assessment Update, and a Property Assessment Notice is issued to every property owner.
2016 was an Assessment Update year. The Property Assessment Notices issued identify a Current Value Assessment (CVA) as determined by MPAC, based on a January 1, 2016 legislated valuation date.
The Current Value Assessment (CVA) on your notice was used to calculate your 2017 to 2020 property taxes.
The assessed value and classification of your property provided by MPAC is used to calculate your property taxes.
See an example of how your taxes are calculated.
Your Property Assessment Notice from MPAC provides:
CVA based on January 1, 2020 valuation date: $770,000
CVA based on January 1, 2016 valuation date: $592,000
Change in CVA total amount to be phased-in: $178,000
Annual amount to be phased-in $178,000 / 4 years = $44,500 per year:
|Phase- in %||—||25%||50%||75%||100%|
|CVA figure used for taxation||$592,000||$636,500||$681,000||$725,500||$770,000*|
* The “destination assessment” is the fully phased-in CVA with a January 1, 2016 valuation date.
If you disagree with the information on your Property Assessment Notice from Municipal Property Assessment Corporation (MPAC) you may file a Request for Reconsideration (RfR) with MPAC or appeal to the Assessment Review Board (ARB). The process you must follow depends on the type of property you own.
Your property taxes must be paid in full as billed. Tax adjustments from successful appeals will be processed separately.
The deadline to appeal your Supplementary/Omitted assessment will be detailed on your property assessment notice issued by MPAC.
Each year the Municipal Property Assessment Corporation (MPAC) provides the City of Toronto with the official assessment roll which contains the following information for properties in Toronto.
Assessment rolls for the current and prior taxation year are available for viewing by the public at the City Clerk’s Office, Registry Services counters at the following locations Monday-Friday from 8:30am-4:15pm.
For more information regarding the assessment roll please email email@example.com. Please note that property assessment information cannot be provided by email.
You do not need to retain a tax consultant to appeal your property assessment. You can represent yourself. Tax consultants are private entities that do not have any connection to the City of Toronto. You are, of course, at liberty to retain their services should you so desire.