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Reassessment

Reassessment for the 2017 - 2020 Taxation Years

As part of the Ontario Budget in 2007, the McGuinty government announced plans to improve the property tax system to make it “fair, predictable and sustainable.” These plans included: a four-year reassessment cycle; a mandatory phase-in of assessment increases spread equally over the four years; enhancements to the fairness and effectiveness of the assessment appeal system; plans to cut the Business Education Tax rates to a maximum of 1.60% and providing more funding for the Ontario Property and Sales Tax Credits program for Seniors delivered annually through the personal income tax system. 

For more detailed information regarding the reassessment, phase-in, etc. please click on the link that relates to you or you can visit the MPAC (Municipal Property Assessment Corporation) website at www.mpac.ca.