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Property assessments for the 2025 property tax year will continue to be based on fully phased-in January 1, 2016 current values. In 2016, we mailed a Property Assessment Notice to every property owner in the province – assessing more than five million properties in Ontario.
Sep 3, 2024 · Ontario's last property assessment was in 2016 and there's no date set for the next one. The CBC's Kate Porter explains what that means for tax bills. The Municipal Property Assessment...
Property assessments for the 2023 and 2024 property tax years will continue to be based on fully phased-in January 1, 2016 current values. In 2016, we mailed a Property Assessment Notice to every property owner in the province – assessing more than five million properties in Ontario.
- Overview
- Paying Property Tax
- Property Value
- Appeals
If you own a property in Ontario, you need to pay property tax every year. This tax pays for services like: 1. public education 2. firefighting 3. local police 4. libraries
Every year, your municipality will mail you a tax bill for every property you own. How much you need to pay will depend on: 1. your municipality’s budget 2. the relative value of all properties in your municipality, compared to your property For the majority of Ontarians, your local municipality is responsible for: 1. preparing your property tax bi...
The Municipal Property Assessment Corporation (MPAC) determines the value of your property. Your property value is shown on a property assessment notice from MPAC, as well as on your annual property tax bill. Property values are reassessed every four years. In 2016, MPACreassessed properties across Ontario and these assessed values apply from 2017 ...
If you disagree with the assessment that MPAC has established for your property, you may submit a Request for Reconsideration (RfR) to MPACfree of charge. If you disagree with MPAC’s response to the RfR, you may file an appeal with the Assessment Review Board (ARB).
Mar 15, 2023 · Due to the COVID-19 pandemic, the Government of Ontario suspended property assessments until further notice, which means property assessments for the 2024 taxation year will remain the same as in 2023, unless there have been changes to your property.
Mar 28, 2024 · The most recent Ontario property tax reassessment occurred in 2017, with all property assessment values based on a current value as of January 1, 2016. That reassessment was to last for four years, with a further reassessment set to take place in 2021, using updated current value assessments.
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How long does a property tax reassessment last in Ontario?
When will a property tax reassessment be postponed in Ontario?
How long does a property assessment last in Ontario?
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Will Ontario's property taxes be recalculated based on 2016 property values?
Aug 18, 2023 · Yesterday, the government announced that it will delay an assessment update again in 2024. As a result, Ontario’s municipalities will continue to calculate property taxes using 2016 property values. AMO is concerned that further delays will compound uncertainty for residents and businesses.
