Tax implications for individual property owners vary depending on how their property relates to others around them. When a province-wide assessment takes place and your property assessment increases, it does not automatically equate to an increase in your property taxes.
Municipal Property Assessment
The Municipal Property Assessment Corporation (MPAC) classifies and assesses properties in Ontario. MPAC is an independent, not-for-profit corporation that is funded by Ontario municipalities. It is accountable to the Province of Ontario, municipalities, and property taxpayers.
MPAC assesses all properties in Ontario in accordance with the Assessment Act and rules set by the Province of Ontario.
How are Property Taxes Calculated?
Property taxes are based on your home’s value. What you might not know is that an increase in your home’s value doesn’t necessarily mean your taxes will go up. This video explains how your property taxes are calculated based on the assessed value of your home.
Property owners are encouraged to visit MPAC's About My Property page to view a profile of their property and learn more about how their property was assessed.
Common Myths About Property Assessment and Property Taxes
If My Property Assessment Goes Up 10%, My Taxes Will Increase By 10%
MPAC determines property assessments for all properties in Ontario. Municipalities determine revenue requirements, set municipal tax rates, and collect property taxes to pay for municipal services. The Province of Ontario establishes the province's assessment and taxation laws and determines education tax rates.
My Property Value Has Doubled. My Property Taxes Will Also Double.
Municipalities decide what services they will provide in their communities and calculate how much they will cost each year. Municipalities collect property taxes to help pay for these services. MPAC's property assessments help governments calculate each property owner’s share of the overall cost.
I Pay More Taxes Than My Neighbours Because I Live in a House That Was Built This Year
MPAC’s property assessments are based on a single valuation date for the entire province — where all properties are assigned a value as if they sold on the same date. The date, determined by the Province of Ontario, ensures consistency for every community, so all municipalities start at the same point for budget decisions such as property tax rates.
Understanding Your Property Assessment
MPAC is responsible for assessing and classifying more than five million properties in Ontario. The property assessments provided are what municipalities use to base the property taxes needed to pay for community services. Visit MPAC's website to learn more about the following:
- Property Assessment Notices
- How to read your Property Assessment Notice
- Compare property values
- The property assessment cycle and beyond
Visit the Municipal Property Assessment Corporation (MPAC) Website
Contact Us
Corporation of the Township of Ramara
2297 Highway 12, PO Box 130, Brechin, ON, L0K 1B0
T. 705-484-5374
E. ramara@ramara.ca
Township of Ramara Financial Services
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