A key highlight of the Ontario government’s 2021 budget was the announcement that property assessments under the Municipal Property Assessment Corporation (MPAC) will be frozen again in 2022. In last year’s budget, the province froze assessment values for the 2021 tax year in response to the COVID-19 pandemic and OFA is pleased to see the decision has been made to maintain status quo and keep these assessments frozen for the 2022 tax year.
All property assessments will remain at the value and level they were assessed at for the 2020 tax year until 2023. Presumably, the new assessment values will begin to be phased in at that time.
If you have questions or concerns regarding your property tax bill, we encourage you to reach out to your local Member Service Representative for support. Find the MSR in your region at ofa.on.ca/msr.
For more information on Property Assessment and Taxation, visit https://ofa.on.ca/issues/taxation.