Property Severances and Mergers of Title: Assessment Roll Adjustments


MPAC assesses land at its current value, based on a legislated valuation date established by the Ontario Assessment Act. “Current value” means that MPAC assesses the value of a property based on the amount of money the land would sell for, if sold at arm’s length by a willing seller to a willing buyer.

MPAC assigns a separate assessment roll number for each property.

Note: The applicable law prevails to the extent there is any conflict between this information and the current law. This information is not intended to provide legal advice and should not be relied upon as such.