One way to check the accuracy of your assessment is to compare it to the assessed value of similar properties in your neighbourhood. 

Five major factors that account for 85% of the value:

• location;
• lot dimensions;
• living area;
• age of the property, adjusted for any major renovations or additions; and
• quality of construction.

Some other features that may affect value include:

• finished basements;
• garages;
• pools;
• fireplaces;
• number of bathrooms; and
• the type of heating and air conditioning.

Site features can also increase or decrease the assessed value of your property, such as:

• traffic patterns;
• being situated on a corner lot; and
• proximity to a golf course, hydro corridor, railway or green space.

Comparable property information is available from MPAC free of charge.  Read MPAC’s fact sheets on choosing comparable residential properties or visit AboutMyProperty™.

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