2016 REASSESSMENT OTTAWA TAXATION Revenue Branch Finance Department July 18, 2016

PROVINCIAL ASSESSMENT 2016 Required by Provincial legislation All properties reassessed Residential only Notices mailed July 18 Farm Notices will be mailed October 11 All other Notices will be mailed October 18 MPAC updated assessed values from a valuation date of January 1, 2012 to January 1, 2016 Values phased-in for taxation years

PROVINCIAL ASSESSMENT 2016 (contd.) To establish a property’s assessed value, MPAC analyzes sales of comparable properties in the property owner’s area and all the key features that affect market value. This method, called Current Value Assessment, is used by most assessment jurisdictions in North America.

PROVINCIAL ASSESSMENT 2016 (contd.)

A reassessment does not change the total taxes collected by the City – No additional revenue Reassessment Impact = Tax Shift within Class Properties within the City average increase should not see a tax impact due to reassessment Properties below average should see a decrease Properties above average should see an increase

BUDGET & POLICY TAX IMPACTS All properties will continue to see an annual budget increase as approved by Council Properties may see Tax Policy impacts (Tax shifts between classes) if neutral ratios not adopted (Council decision) Tax Policy for 2017 will be placed in front of Council April/May 2017; 2017 budgetary direction to be incorporated

IMPACTS SUMMARIZED ON TAX BILLS Tax changes due to municipal budget Tax changes due to reassessment above City or Provincial average

PROVINCIAL REASSESSMENT CHANGES Province wide Residential Assessments have increased by an average of 18% from January 1, 2012 to January 1, 2016 Ontario East values (Kingston, Brockville, Cornwall, Ottawa and Pembroke) have increased by an average of 5% Ottawa values have increased by an average of 3.45% –Different property types are seeing different trends within Ottawa Condos have had an overall decrease - 5% Single Family, Semi-detached and Town homes have an overall increase - 4.6% Other Residential properties (residential vacant land, dwelling with multiple units) have an overall increase - 8%

PROVINCIAL REASSESSMENT CHANGES (contd.) Waiting for Farm and other notices to be issued to understand the full impact the City. (Fall 2016) City to send tax impact letter to residents with 13.45% increase or higher in the mail August 2, 2016 Approximately 15K notices will be mailed Residential properties with additional classes being held until all notices issued in the fall

PROVINCIAL REASSESSMENT CHANGES (contd.) WARD % CHANGE BELOW CITY AVERAGE (3.45%) RESIDENTIAL PROPERTIES TOTALDIFFERENCE WARDCHANGEFROM AVERAGE 1ORLÉANS2.57%-0.88% 2INNES2.86%-0.59% 3BARRHAVEN2.92%-0.53% 5WEST CARLETON-MARCH3.28%-0.17% 7BAY3.16%-0.29% 9KNOXDALE-MERIVALE2.72%-0.73% 10GLOUCESTER-SOUTHGATE0.65%-2.80% 11BEACON HILL-CYRVILLE2.08%-1.37% 12RIDEAU-VANIER1.65%-1.80% 14SOMERSET-0.21%-3.66% 18ALTA VISTA2.96%-0.49% 19CUMBERLAND3.13%-0.32% 20OSGOODE3.17%-0.29% 22GLOUCESTER-SOUTH NEPEAN2.93%-0.52%

PROVINCIAL REASSESSMENT 2016 (contd.) WARD % CHANGE ABOVE CITY AVERAGE (3.45%) RESIDENTIAL PROPERTIES TOTALDIFFERENCE WARDCHANGEFROM AVERAGE 4 KANATA NORTH4.16%0.71% 6 STITTSVILLE5.03%1.58% 8 COLLEGE3.49%0.04% 13 RIDEAU-ROCKCLIFFE3.90%0.45% 15 KITCHISSIPPI7.35%3.90% 16 RIVER4.11%0.66% 17 CAPITAL4.68%1.23% 21 RIDEAU-GOULBOURN5.34%1.89% 23 KANATA SOUTH5.02%1.57%

2016 MPAC CHANGES Residential property owners have 120 days from the Issue Date of their Property Assessment Notice to file a Request for Reconsideration (RfR) The RfR deadline for those notices mailed to Ottawa residential property owners on July 18th, 2016 is Tuesday, November 15th, 2016 The Issue Date and RfR deadline are included on the Notice The previous deadline was March 31 of the taxation year.

ASSESSMENT PHASE-IN Assessment increases are phased in over the next four years (residential approx. 0.86% per year) No phase-in for assessment reductions, reductions seen immediately. Each yearly phase-in value to be used for corresponding taxation year

Property Classification Residential Your Property Value as of January 1, 2016 $393,000 Your Property Value as of January 1, 2012 $380,000 Property Value Change $13,000 Tax YearAssessment 2017$383, $386, $389, $393,000

2016 PROPERTY ASSESSMENT NOTICE (contd.) Ottawa Issue Date July 18, 2016

2016 PROPERTY ASSESSMENT NOTICE (contd.) 2016 Current Value Assessment (2020 tax year assessment) Assessed Value as of Jan 1, 2016 Assessed Value as of Jan 1, 2012 Change from 2012 to 2016

2016 PROPERTY ASSESSMENT NOTICE (contd.) Property Class Information Yearly deadline to appeal assessment through MPAC Ottawa’s deadline for the 2017 taxation year is November 15, 2016 Phase-in value to be used for taxation purposes assessed value to be used for 2017 tax year

WHAT SHOULD A PROPERTY OWNER DO? Verify that MPAC’s Property Assessment Notice is accurate Login to view how property was assessed and compare it to other properties at –Access Key provided on Property Assessment Notice Dissatisfied with Assessment Value -Contact MPAC and file a Request for Reconsideration

Thank you! Questions?