Reading your motel Property Assessment Notice
As a property owner in Ontario, you'll receive a Property Assessment Notice for your property every four years unless there is a change to your property. Learn how to read your Property Assessment Notice.
How your motel property is assessed
Motel properties vary considerably, but in general, they:
- Provide short or long-term lodging.
- Typically have fewer amenities than hotels.
- Are generally single-storey or two-storey buildings with connected rooms.
- May have open walkways and exterior entrances.
- Are usually located with good access to major road networks and situated near highways or on the outskirts of major or small cities/towns.
Motel properties are valued using a gross income multiplier (GIM). The GIM appropriate for the property will also depend upon a wide range of factors, including:
More details on how your property is assessed
If you'd like to learn more about how MPAC assesses motel properties, our motel valuation methodology guide provides greater detail.
Filing Your Property Income and Expense Return
By filing your Property Income and Expense Return, you help us ensure that your property values are based on up-to-date and accurate information.