2021 PIER Campaign: Key Dates and Resources
2021 Property Income and Expense Return Campaign begins May 14
Each year, MPAC requests rental, income and expense information from various income-generating properties through our Property Income and Expense Return (PIER) program.
The information collected through PIER allows us to capture the key data required to deliver accurate and consistent property assessments and supports our analysis and review of market changes and valuation parameters that will inform the next Assessment Update.
Our 2021 PIER campaign will run from May 14-July 16. Property owners who receive a PIER request letter are required to submit their information through the online portal, available through AboutMyProperty, by July 16. Learn more about how to submit your PIER information.
This year, MPAC is also asking property owners specific questions about the impacts of COVID-19 on property rental income and various operating expenses. This information will support MPAC’s ongoing analysis of the market including any factors that may affect the value of properties and help inform future assessment updates.
The following resources are available to help with your submission. If the information you are looking for is not here, please contact us.
Sample letters and supporting resources
Beginning May 14, MPAC is sending PIER request letters to owners of these eligible properties, requesting income and expense information for the most recent fiscal year. Submissions must be completed by July 16, 2021.
|Property Type||Sample request letter||Terms and definitions|
|Commercial (office, retail, shopping centres)||English||Commercial/Industrial|
|Golf course||English||Golf Course|
|Hotel and motel||English||Hotel / Motel|
|Industrial (industrial malls)||English||Commercial/Industrial|
|Large resorts||English||General Property Income and Expense|
|Long-term care facilities||English||General Property Income and Expense|
|Mixed use properties||English||General Property Income and Expense|
|Mobile home park and land lease properties||English||Land Lease and Mobile Home|
|Retirement home||English||Retirement Home|
|Mailing Date||Income Year||Property Type||Mailer Type||Completion Due Date||To View Form|
|March 1, 2021||N/A||Grain Elevator||Questionnaire||April 16, 2021||English|