2017 to 2020 Property Tax Years
In 2016, the Municipal Property Assessment Corporation (mpac.ca) updated the assessed values of every property in Ontario. From May 27 to June 6, residential property owners in Toronto were mailed a 2016 Property Assessment Notice. In October 2016, non-residential property owners were mailed a 2016 Property Assessment Notice.
The Notice you received from MPAC provides the January 1, 2016 current value (what a property could have reasonably sold for on January 1, 2016) with phase-in assessed values for the next four years. These values are used by the City to calculate your taxes for the 2017-2020 property tax years.
Increases in the assessed value of your property will be gradually phased-in over four years (2017– 2020). Decreases in the assessed value will be fully implemented in 2017.
To learn more about how MPAC assessed your property, or to compare your assessed value to others in your neighbourhood, visit aboutmyproperty.ca .If you disagree with your assessed value or have questions, contact MPAC for assistance.
Recent legislative changes to the Request for Reconsideration (RfR) process allow property owners 120 days from the issue date on their 2016 Property Assessment Notice to submit an RfR. For the majority of residential properties, this deadline occurred in 2016, see 2016 Property Assessment - Request for Reconsideration (RfR) Deadline for details.
Please visit our Tax and Assessment Appeals information to view the RfR deadline for non-residential properties. Visit aboutmyproperty.ca or mpac.ca for more information on the RfR and appeals process.
Please note, If you have made significant improvements or undertaken new construction, MPAC can revise your assessment within a three year period. Visit mpac.ca for further information.