Property Assessment and Taxation
Monday Apr 30th, 2018
ShareEach component of Ontario's property assessment system plays an important role. MPAC is responsible for assessing and classifying more than five million properties in Ontario in compliance with the Assessment Act and regulations set by the Government of Ontario. Municipalities determine revenue requirements, set municipal tax rates and collect property taxes to pay for municipal services. Education tax rates, set by the Ontario Government, may also be applied using the... [read more]