The Municipal Property Assessment Corporation (MPAC) has been contracted by the Wasauksing First Nation (WFN) to provide property assessments in accordance with WFN property taxation and assessment laws.
The assessments are being conducted in accordance with the Wasauksing First Nation Property Assessment Law, 2018, enacted by WFN under the First Nations Fiscal Management Act and approved by the First Nations Tax Commission.
- In accordance with WFN property taxation and assessment laws, MPAC established each property’s assessed value by looking at a property’s key features including location, lot dimensions, living area, age of property, quality of construction and analyzing property sales.
- In keeping with WFN property taxation and assessment laws, MPAC analyzed sales of similar properties off-reserve.
- The Wasauksing First Nation Property Assessment Law, 2018 defines “assessed value” as “in relation to an interest in land, the amount of money the fee simple of that interest, if unencumbered and held off the reserve, would realize if sold at arm’s length by a willing seller to a willing buyer, as determined under this Law.”
- MPAC delivered Property Assessment Notices on or around August 31, 2018.
Requests for Reconsideration and Appeals
- Leaseholders who disagree with the assessed value have the option to file a Request for Reconsideration and/or an appeal with MPAC.
- The deadline to file a Request for Reconsideration is October 1, 2018. There is no charge to file a Request for Reconsideration.
- The deadline to file a Notice of Appeal is November 29, 2018. There is for a $30 administration fee to file a Notice of Appeal.
- If MPAC has issued an Amended Property Assessment Notice, please refer to the RfR and appeal deadlines within your Notice.
- MPAC is an independent, not-for-profit corporation funded by all Ontario municipalities, responsible for assessing and classifying more than five million properties in Ontario.
- We are the largest assessment jurisdiction in North America, assessing and classifying more than five million properties with an estimated total value of $2.59 trillion.
- MPAC’s province-wide Assessment Updates of property values have met international standards of accuracy. Our assessors are trained experts in the field of valuation and apply appraisal industry standards and best practices. Our assessments and data are also used by banks, insurance companies and the real estate industry.
- For more information, visit www.mpac.ca.
- For more information about the Wasauksing First Nation property taxation and assessment system, visit www.wasauksing.ca.
- For more information about the First Nations Tax Commission, visit www.fntc.ca
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