Toronto Property Assessments: Deadline To Request Reconsideration Looms
March 30th, 2009 Categories: Home Ownership, News Wire, Taxation Nation
If you woke up today and said ”If only I could sell my house for what it’s assessed”, you just might be a Toronto homeowner who believes their property assessment is too high.
There are a number of ways to determine if MPAC’s assessed value of a property is accurate. Ask yourself:
- could you have reasonably expected to sell your property for its assessed value on January 1, 2008 (the date on which your assessed value is based).
- does MPAC have accurate information about your property.
- what have similar properties in your Toronto neighbourhood sold for in and around January 1, 2008.
Toronto Homeowners
Feeling Property Tax Squeeze
If you do not agree with the current assessed value for your property, you can ask MPAC to reconsider their assessment. However, the deadline to file a Request for Reconsideration must be done by March 31. And that would be tomorrow.
To get a copy of this form, click here to be directed to the MPAC Property Owners page. From there you can download a copy of the request form, which can be faxed, emailed or mailed (postmarked by midnight March 31). You can also submit your request online through AboutMyProperty.
I hope you’re happy with MPAC’s response to your request but, if not, you can file a formal appeal with the Assessment Review Board. For more information about the appeal process, click here.
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