MPAC REASSESSMENTS 2023
From The MEPAC Website November 22, 2023 this includes “Property Taxes and Assessed Value – MPAC, How Phase in Works – MPAC. Parkbridge 2023 Tax reconciliation November 10, 2023
MPAC REASSESSMENTS – PARKBRIDGE 2023 TAX RECONCILIATION NOVEMBER 10, 2023
FROM THE MPAC WEBSITE NOVEMBER 22 2023: Our Property Assessment Notice shows the assessed value and classification of your property as of a legislated valuation date. The fixed valuation date for 2024 remains January 1, 2016 – the end of the last assessment cycle.
Due to the COVID-19 pandemic, On August 16, 2023 the Ontario government filed a regulation to amend the Assessment Act and postpone the province-wide 2020 reassessment through the end of the 2021-2024 Assessment Cycle. 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 Ontario. Your 2016 Notice reflects the assessed value and classification of your property as of January 1, 2016 and this will be used as the basis for calculating your 2023 and 2024 property taxes.