CITY OF BURLINGTON

Agenda Roles and Responsibilities in the Property Assessment System About MPAC Property Assessment Cycle Provincial Statistics and Important Dates AboutMyProperty 2.0 Request for Reconsideration Contacting MPAC

Municipalities Province Adjudicate Tax Assessment Review Board Legislate Administer

Not-for-profit, non-share capital corporation Governed by a Board of Directors Largest assessment jurisdiction in North America

Assess and classify almost 5 million properties Annual Assessment Roll Supplementary/Omitted Listings (growth) Respond to property taxpayer enquiries Other legislated products: Preliminary List of Electors Jury duty lists Population reports

Based on open market sales between a willing seller and a willing buyer CVA determined by analyzing actual sales of properties in a given area Excludes: » family sales; » power of sale; and » foreclosures.

Update YearTaxation Year(s)Valuation Date , 2007, 2008January 1, , 2010, 2011, 2012January 1, , 2014, 2015, 2016January 1, Property Assessment Notices will be delivered beginning in September this year.

Property Classification Residential Your Property Value as of January 1, 2012 $450,000 Your Property Value as of January 1, 2008 $380,000 Property’s Value Change $70,000 Tax YearAssessment 2013$397, $415, $432, $450,000 Assessment Phase-in Example

Provincial STATISTICS Average Increase in Residential value – 18% increase Over the 4 year cycle (2013 to 2016) – 4.5% increase per year Decreases immediately applied in the first year

Important Dates Assessment Notice Delivery (Residential and Farm) – week of October 29th, 2012 Assessment Notice Delivery for Business properties – November 20 th Roll return – Tuesday, December 11th, 2012 Request for Reconsideration deadline – April 1st, 2013

website get answers to commonly asked questions forms and info about assessment links to the ARB and the Province of Ontario in person visit one of our 33 convenient locations across Ontario fax phone TTY TTY-6722 or through Bell Relay Service

Mandatory first step for residential, farm and managed forests property classes Filing deadline is March 31 st of taxation year

Brochures including: About MPAC Residential Farmland Small Commercial and Industrial Recreational Waterfront AboutMyProperty TM