Each 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 assessed value.
It is the accuracy of our assessments that help to ensure property owners pay their fair share, and nothing more.
To learn more about how taxes are calculated, watch the video below.