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Provincial Land Tax Reform
How MPAC assesses properties in the Unincorporated Terrority
Provincial Land Tax Reform
The Government of Ontario is reforming the Provincial Land Tax (PLT)
for property owners in the Unincorporated Territory. For more information
about PLT reform, please visit the Ministry of Finance website at www.gov.on.ca or
the Ministry of Revenue website at www.rev.gov.on.ca. You
may also call the Ministry of Revenue Call Centre, Monday to Friday,
8:30 a.m. to 5:00 p.m. at 1 866-668-8297 or TTY 1 800 263-7776.
MPAC’s job is to assess and classify your property. If you have questions about how MPAC assesses your property, please contact MPAC at 1 866 296-MPAC
(6722) or TTY 1 877 889-MPAC (6722). You may also visit your local
MPAC office. This information is listed on your 2008 Notice
in the top right corner.
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How MPAC assesses properties in the Unincorporated Terrority
To establish the assessed value of the properties in non-municipal
areas, MPAC’s staff collect and analyze property sales to ensure
that similar property types are valued consistently.
When assessing a residential property, MPAC looks at all of the key
features that affect market value. Five major factors usually
account for 85% of the value: location; lot dimensions; living
area; age of the structure(s), adjusted for any major renovations
or additions; and quality of construction.
Examples of other features that may affect your property’s
value include: number of bathrooms; fireplaces; garages,
workshops and boathouses.
Site features can also increase or decrease
the assessed value of a property such as type of access,
topography, and lot services such as hydro, water, and sanitary/septic
services.
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