Georgina Island First Nation Property Assessments
The Municipal Property Assessment Corporation (MPAC) has been contracted by the Chippewas Georgina Island First Nation (GIFN) to provide property assessments in accordance with GIFN property taxation and assessment laws.
The assessments are being conducted in accordance with Chippewas of Georgina Island First Nation Property Assessment Law, 2018, enacted under the First Nations Fiscal Management Act by GIFN and passed by the First Nations Tax Commission.
- In accordance with GIFN property taxation and assessment laws, MPAC has 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 GIFN property taxation and assessment laws, MPAC has analyzed sales of similar properties off-reserve.
- “Assessed value” means 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, Chippewas of Georgina Island First Nation Property Assessment Law, 2018.
- MPAC delivered Property Assessment Notices on August 31, 2018.
Requests for Reconsideration and Appeals
- Leaseholders that 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 December 14, 2018. There is for a $30 administration fee for appeals.
- 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.