Fact Sheet - 2018 Assessment Roll Return
- MPAC delivers an assessment roll annually to municipalities and the Province of Ontario to support the calculation of property and education taxes.
- While 2018 is not a province-wide Assessment Update year, MPAC continues to review properties and update property information on a regular basis in order to return an accurate assessment roll each year.
- In November, MPAC mailed more than 800,000 Property Assessments Notices to property owners reflecting changes in assessment that have taken place over the last year.
2018 Assessment Roll
- Total number of properties on the Assessment Roll: 5,293,723
- Total Current Value Assessment: $2.78 trillion
New Assessment
- In 2018, MPAC captured $38.4 billion in new assessment
- New assessment refers to new construction and/or additions to existing property that have not been assessed by MPAC
Assessment summary by property type:
|
Property Type |
Number of Properties |
Total Value |
|---|---|---|
|
Residential |
4,769,804 |
$2 trillion |
|
Farm |
222,420 |
$126.2 billion |
|
Commercial |
159,001 |
$303.75 billion |
|
Industrial |
78,747 |
$109.6 billion |
|
Special/Exempt |
47,116 |
$135.64 billion |
|
Multi-Residential |
16,635 |
$107.85 billion |
Breakdown of changes triggering a Property Assessment Notice:*
- Ownership change - 378,631
- School support - 280,906
- Mailing address - 245,147
- Property value - 183,643
- Tax apportionment - 165,734
*Properties may have more than one change triggering a Property Assessment Notice.
Requests for Reconsideration:
- If a property owner is concerned with their property’s assessment, MPAC will review it free of charge through a Request for Reconsideration (RfR)
- From January 1 to October 31, 2018, MPAC completed a total of 27,917 RfRs. This reflects:
- 20,843 residential
- 1,508 farm
- 4,780 business properties, and
- and 786 of all other property types
- The total number of RfRs represents 0.5% of Ontario’s more than 5 million properties
