Property Income and Expense Return
| Request letters mailed | Submission deadline |
|---|---|
| May 20, 2026 | July 15, 2026 |
MPAC’s largest assessment information request campaign is the Property Income and Expense Return, where we request rental, income and expense information from income-generating properties, such as retail stores, hotels, motels, multi-residential properties, golf courses, offices and industrial malls.
Each year, MPAC sends approximately 35,000 request letters as part of Property Income and Expense Return to eligible properties to inform our analysis. Collecting information annually allows MPAC to identify and track trends in revenues, expenses, capital expenditures, fair market rents, vacancies and more over time.
Property owners have an important role to play in the valuation process including the submission of income information through the formal collection process. The requirement for owner compliance is outlined in section 11 of the Assessment Act.
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