MPAC (Property Tax Assessment) Info

MPAC has moved up the timelines of this year’s province-wide residential property assessment.

Toronto’s residential property owners will receive their new assessments between the end of May and early June 2016.

Business property owners will receive their new assessments in October 2016.

The effective date of the new assessments is: January 1, 2016. The new assessments will serve as the basis for calculating property taxes for 2017-2020.

Residential property owners who do not agree with their assessment will now have 120 days from the date of issuance printed on the Notice to file their Request for Reconsideration.

Look here for more information about the upcoming province-wide residential property assessment update.