UXBRIDGE: The average price of a single-family home in Uxbridge is assessed at $548,000 as of Friday, Jan. 1. This is an increase in value of $103,000,, since 2012, according to the Municipal Property Assessment Corporation.
Michael Porporo, Account Manager at MPAC, stopped by Council on Monday, June 13, to inform Councillors and the public, about this year's assessment process and what to expect. "The 2016 assessment update brought significant reforms...not seen since 1998," said Mr. Porporo. These changes include, more transparency between MPAC and the municipality/residents, as well as how much time has been spent on assessing properties to ensure the most accurate assessment.
Property Assessment Notices were mailed out to residential property owners on Monday, June 20. Farm Property Assessment Notices will be mailed out on October 11. Multi-Residential and Business Notices will be mailed out on October 18. The new assessments, taken from Friday, Jan. 1, will serve as the basis for calculating property taxes for 2017 to 2020.
There are five major factors MPAC uses to determine an assessment value for a property: location, lot dimensions, living area, age of property, and quality of construction.
To learn more about their assessment, property owners can log onto www.AboutMyProperty.ca, using the roll number on their Assessment Update Notice.
AboutMyProperty assists all property owners in Ontario, to look at information on their property and information on other properties, to help gauge their assessment relative to properties in the vicinity," said Mr. Porporo. All sales of properties in the neighbourhood will also be available for review on the website.
If a property owner feels the assessment is wrong after logging onto the AboutMyProperty website, they can file for a Request for Reconsideration (RfR). Residential property owners have 120 days from the issue date of June 20, 2016 to file a RfR. The deadline for Durham Region is October, 18, 2016.
For more information, contact MPAC at 1-866-296-MPAC (6722) or go to www.mpac.ca.