Every four years, Municipal Property Assessment Corporation (MPAC) updates the value of every property in the province as part of Ontario’s assessment cycle. In 2016, MPAC updated the assessed values of more than five million properties in Ontario. This Assessment Update, based on a valuation date of January 1, 2016, will be applicable to the 2017-2020 property tax years. MPAC has delayed the updated value assessments for 2020 due to the Corvid-19 crisis.
When you receive your Property Assessment Notice, review it. No further action is required on your part unless you have questions or you disagree with your assessed value and/or classification.
2020 Assessment Update
The Ontario government has announced that the 2020 Assessment Update has been postponed. They have indicated that property assessments for the 2021 property tax year will continue to be based on the fully phased-in January 1, 2016 current values. This means your property assessment for the 2021 property tax year will be the same as the 2020 tax year, unless there have been changes to your property.
For more information please visit https://www.mpac.ca/HowAssessmentWorks/2020AssessmentUpdate
Visit aboutmyproperty.ca or contact: Municipal Property Assessment Corporation (MPAC) Customer Contact Centre:
P.O. Box 9808
Toronto, ON M1S 5T9
Toll Free: 1-866-296-MPAC (6722)
*Please note that MPAC has up to three years to perform assessment of a new build.