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About MPAC
October 22, 2012
MUNICIPAL PROPERTY ASSESSMENT CORPORATION
Update Year Taxation Year(s) Valuation Date
2005 2006, 2007, 2008 January 1, 2005
2008 2009, 2010, 2011, 2012 January 1, 2008
2012 2013, 2014, 2015, 2016 January 1, 2012
Assessment Cycle
2012 Property Assessment Notices will be delivered beginning in September this year.
Property Classification ResidentialYour Property Value as of January 1, 2012 $360,000Your Property Value as of January 1, 2008 $300,000 Property’s Value Change $ 60,000
Tax Year Assessment
2013 $315,000
2014 $330,000
2015 $345,000
2016 $360,000
Assessment Phase-in Example
Assessment Phase-In Example
2012 Assessment UpdateMarketSnapshot – July 2012
2012 Assessment UpdateLocal Trends Summary
2012 Assessment UpdateCity of Cornwall
Average Change by Tax Class
Residential Multi Residential0
0.020.040.060.08
0.10.120.140.160.18
0.218.07%
15.05%
2012 Assessment UpdateCity of Cornwall
Average Change by Property Type
Single Family Detached
Semi-Detached Condominiums0
0.05
0.1
0.15
0.2
0.25
16.18%
21.85%
16.28%
2012 Assessment UpdateCity of Cornwall
Average Values
2008 2012Single Family home $139,000$163,000Semi-detached home $121,000$148,000Condominium $137,000 $158,000
2012 Assessment Update Important
DatesIn-Home Notice delivery October 16, 2012
Assessment Notice DeliveryMPAC’s Customer Contact Centre will have extended hours from 8:00am to 6:00pm, Monday to Friday
Extended Local Office Hours: Monday to Friday, 8:00am to 6:00pm
December 11, 2012Delivery of Assessment Roll – Roll Return
April 1, 2013Deadline to file a Request for Reconsideration on the 2012 PANDeadline to file an ARB complaint on the 2012 PAN for commercial and industrial properties
Request for Reconsideration (RfR)
• Mandatory first step for residential, farm and managed forests property classes
• Filing deadline is March 31st of taxation year
Brochures including:•About MPAC
•Residential
•Farmland
• Small Commercial and Industrial
•Recreational Waterfront
•AboutMyPropertyTM
Outreach Initiatives
websitewww.mpac.ca get answers to commonly asked questions forms and info about assessment links to the ARB and the Province of Ontario
in personvisit one of our 33 convenient locations across Ontario
fax1 866 297-6703
phone1 866 296-6722
TTY1 877 TTY-6722or through Bell Relay Service
Contacting MPAC Four Convenient Ways