Apr 05, 2016
By Michael Kramer
They’ve begun mailing out notices for the first time since 2012 – starting with the Barrie, Brockville and Cornwall areas.
The assessments are done every four years – and MPAC says notices for the rest of Ontario are being sent out over the coming weeks.
The new figures show property values rising an average of 4.5 per cent – in each of the past four years.
MPAC says if homeowners feel they could have sold their home for its assessed value on January first this year – then their assessment is accurate.
If not, people should contact MPAC.
The assessed value is used by local municipalies with their mill rate – to determine property taxes.