Province-wide assessment update continues to be postponed

Good Afternoon,

Yesterday, as part of the Ontario Government’s 2021 spring budget, the Minister of Finance announced the decision to once again postpone a province-wide property assessment update due to the pandemic.

Property assessments for the 2022 property tax year will continue to be based on the fully phased-in January 1, 2016 assessed values.

In addition, the budget notes that the government will hold consultations on the timing and valuation date for the next assessment update and that outcomes will be communicated this fall.

MPAC will continue to maintain our extensive property database reflective of all property changes that happen each year in every property sector, in every corner of the province.

Please feel welcome to share this update with your members.

Kind Regards,

Chris Fusco, AIMA

Director of Real Estate & Strategic Accounts

Municipal Property Assessment Corporation 

Direct: 647-493-7656

Main:  1-877-671-6722 x 301chris.fusco@mpac.cawww.propertyline.ca

Author: bramptonrealestateboard

At the Brampton Real Estate Board (BREB) we believe in the ownership of Real Estate. Our objective is to contribute to the capability and growth of our members in their endeavors by marketing all forms of real property throughout the greater Brampton, Halton Hills and Caledon marketplaces and beyond. The Brampton Real Estate Board is dedicated to providing an environment in which it’s Member REALTORS®, employees, Board of Directors, and Committee volunteers are encouraged to grow, succeed and develop in order to provide the highest level of professional conduct and service.

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