Property assessments are updated by MPAC every four years. Assessment increases are phased-in over the four year period. Decreases in assessment are implemented immediately. The current four year period covers 2017-2020 with an assessment valuation date of January 1, 2016.
Final Tax Bills:
Your final tax bill is based on your 2020 phased-in assessment value and reflects any changes in municipal taxes and the education portion of your taxes.
The Municipal Property Assessment Corporation (MPAC) is responsible for placing a value on all properties in Ontario. From the information supplied by MPAC, the City of Brampton calculates the tax amounts and issues the tax bills.