About MPAC

October 22, 2012

MUNICIPAL PROPERTY ASSESSMENT CORPORATION

Update Year Taxation Year(s) Valuation Date

2005 2006, 2007, 2008 January 1, 2005

2008 2009, 2010, 2011, 2012 January 1, 2008

2012 2013, 2014, 2015, 2016 January 1, 2012

Assessment Cycle

2012 Property Assessment Notices will be delivered beginning in September this year.

Property Classification ResidentialYour Property Value as of January 1, 2012 $360,000Your Property Value as of January 1, 2008 $300,000 Property’s Value Change $ 60,000

Tax Year Assessment

2013 $315,000

2014 $330,000

2015 $345,000

2016 $360,000

Assessment Phase-in Example

Assessment Phase-In Example

2012 Assessment UpdateMarketSnapshot – July 2012

2012 Assessment UpdateLocal Trends Summary

2012 Assessment UpdateCity of Cornwall

Average Change by Tax Class

Residential Multi Residential0

0.020.040.060.08

0.10.120.140.160.18

0.218.07%

15.05%

2012 Assessment UpdateCity of Cornwall

Average Change by Property Type

Single Family Detached

Semi-Detached Condominiums0

0.05

0.1

0.15

0.2

0.25

16.18%

21.85%

16.28%

2012 Assessment UpdateCity of Cornwall

Average Values

2008 2012Single Family home $139,000$163,000Semi-detached home $121,000$148,000Condominium $137,000 $158,000

2012 Assessment Update Important

DatesIn-Home Notice delivery October 16, 2012

Assessment Notice DeliveryMPAC’s Customer Contact Centre will have extended hours from 8:00am to 6:00pm, Monday to Friday

Extended Local Office Hours: Monday to Friday, 8:00am to 6:00pm

December 11, 2012Delivery of Assessment Roll – Roll Return

April 1, 2013Deadline to file a Request for Reconsideration on the 2012 PANDeadline to file an ARB complaint on the 2012 PAN for commercial and industrial properties

Request for Reconsideration (RfR)

• Mandatory first step for residential, farm and managed forests property classes

• Filing deadline is March 31st of taxation year

Brochures including:•About MPAC

•Residential

•Farmland

• Small Commercial and Industrial

•Recreational Waterfront

•AboutMyPropertyTM

Outreach Initiatives

websitewww.mpac.ca get answers to commonly asked questions forms and info about assessment links to the ARB and the Province of Ontario

in personvisit one of our 33 convenient locations across Ontario

fax1 866 297-6703

phone1 866 296-6722

TTY1 877 TTY-6722or through Bell Relay Service

Contacting MPAC Four Convenient Ways