Every four years, the Municipal Property Assessment Corporation (MPAC) updates the value of each property in the province as part of Ontario’s assessment cycle. The current Assessment Update is taking place in 2016, based on a valuation date of January 1, 2016. The last update was in 2012 and affected the tax years 2013-2016. Any increase in the new assessment from the previous assessment will be phased in equally over the next four years.
Re-assessment does not necessarily result in higher taxes.
- When assessment values go up and if budget stays the same - the tax rate goes down. Property taxes remain the same
- If assessment values go up at the same rate for all properties, property taxes remain the same
- If assessment values go up at different rates for different properties and budget stays the same - property taxes will change (up or down) depending on the value of the property
- When costs to provide services go up, property taxes increase
Your Property Assessment Notice
Recently, MPAC delivered the new residential assessment notices that will be utilized for taxation years 2017-2020. For non-residential
properties, the first Notices will be delivered starting on October 11, 2016. If residents have any concerns regarding their property assessment, they are urged to contact MPAC. Residential property owners will have until September 15, 2016
to file a Request for Reconsideration
for MPAC’s review. It is imperative that residents do not delay in contacting MPAC regarding any concerns they may have about their new assessment Notice, especially the assessment value or tax classification. The 2017 Final property taxes will be based on this new valuation.
Your Tax Bills
The next interim tax bill will be delivered in January 2017 and will reflect the old 2016 tax year assessment. As per Ontario legislation, the 2017 interim taxes are based on 50% of the 2016 final annualized taxes. For more details about property taxes, please click here
The new assessment will not be seen on a City of Brampton tax bill until Final billing in June 2017. It will be too late to appeal the new assessment at that time. Please contact MPAC before September 15, 2016 if you are unsatisfied with your recently received Assessment Notice.
Questions or Concerns?
Residents with any questions regarding the new assessment can call MPAC’s Customer Contact Centre at 1-866-296-MPAC (6722). Alternatively, MPAC’s website AboutMyProperty
™ can provide specific details about your property assessment. AboutMyProperty™ is MPAC’s secure, online self-serve website that allows property owners to learn more about how their property was assessed, see information MPAC has on file, and compare it to others in their neighbourhood/area.
There is additional information available on MPAC’s website including: