About Property Assessment
The Municipal Property Assessment Corporation (MPAC) is responsible for the classification and assessment of all properties in Ontario under the Assessment Act and regulations established by the Provincial government.
How You're Assessed
For residential properties, there are five major factors that generally account for 85% of a property's value:
- Lot dimensions
- Living area
- Age of property (adjusted for any major renovations or additions)
- Quality of construction
Values for the 2016 Assessment Update are derived from market analysis, data collection and preparation, and property level reviews.
For more information, refer to: https://www.youtube.com/watch?v=Uikghy2Yz10
If You Receive an Assessment Notice
In May of 2016 all residential property owners will receive a Property Assessment Notices (PAN) based on January 2016 values for the 2017 to 2020 taxation years. Non-Residential and mixed class property owners will receive their new assessments starting on October 11, 2016. If you have any questions regarding your assessment or do not receive your notice, please call MPAC at 1 866 296 6722, or visit AboutMyProperty.ca.
- Your property's assessed value changed due to an improvement having been made or removed;
- A change was made to reflect a request for Reconsideration or Assessment Review Board adjustment;
- Your property classification or school support changed;
- There was a change in ownership for the property.
How to File Your AppealStarting in 2016, property owners have 120 days from the Issue Date of their Property Assessment Notice to file a free Request for Reconsideration.
A Request for Reconsideration (RfR) may be completed through AboutMyProperty.ca or by filling out a RfR from available at mpac.ca, or writing a letter to MPAC requestion a reconsideration.
NOTE: It is important to understand that the Assessment Review Board (ARB) is a separate independent body apart from MPAC.
How to Switch School Boards
- Please contact MPAC to obtain an application to switch school boards.
- Return the completed application to MPAC or a school near you.
NOTE: Loyalist Township sets property tax rates for the lower tier, and the County sets the rates for the upper tier. The rates will then be multiplied by the assessed value to determine your property taxes. Education tax rates, which are set by the Government of Ontario, will also be applied to the assessed value.
How To Contact MPAC
On the web: www.mpac.ca
web contact form: www.mpac.ca/contactus.asp
Phone (toll free): 1-866-296-6722
Fax (toll free): 1-866-297-6703