Date Posted: December 3, 2020
Every four years MPAC (Municipal Property Assessment Corporation) conducts a province wide assessment update to update the assessed value of every property in Ontario. Being a property owner in Ontario, you will receive a ‘Property Assessment Notice’ in the mail in order to update you on the value of your property. Due to the Covid-19 pandemic, the Government of Ontario has made the decision to postpone the 2020 Assessment update. They have indicated that property assessments for the 2021 property tax year will continue to be based on the fully phased assessment done on January 1st, 2016 current values unless there have been changes to your property. The Municipal Property Assessment Corporation will continue to review properties during non-Assessment update years for; new builds, owners who have renovated, properties that have been demolished and properties that have changed use. You may receive a notice from MPAC if there has been a change to your property including:
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