Presentation to the Sharbot Lake Property Owners Association · Presentation to the Sharbot Lake Property Owners Association July, 19th, 2003. ... Municipal Property Assessment Corporation

Copyright © 2002 . All rights reserved

W W W . M P A C . C A

Presentation to the

Sharbot Lake Property Owners Association

July, 19th, 2003



AgendaIntroductionWhat is MPAC?– What we are, what we do, what we don’t do, facts

and figuresCurrent Assessment Activity– Assessment Cycle– Important Dates– Why Current Value Assessment?

Specific Central Frontenac InformationCustomer Service



Municipal Property Assessment Corporation (MPAC)

Not-for-profit, non-share capital corporationFunded by Ontario’s 400+ municipalitiesAll Ontario municipalities are membersNot a Crown agencyNot part of Ontario Government



Facts and Figuresover 4.2 million properties in the Province of Ontariototal assessed value over $1 Trillionbasis for over $15 Billion in municipal and provincial education revenuedatabase contains over 2.4 billion elements1,500 employees in 37 MPAC offices$140 million budget



What we do….Determine current value assessment on all properties in Ontario

deliver assessment rolls and supplementary/omitted assessments to municipalities

perform provincial triennial enumeration

collect information for:– school support choices– French language education rights– voter identification– municipal & school board planning purposes– jury duty lists– population reports



What we don’t do . . .

we don’t determine assessment legislation

we don’t set local tax policy or collect taxes

we don’t control the appeal process



Current Assessment ActivityMPAC recently delivered Notices of Property Valuation to all ratepayers, identifying 2001 base year valuesMPAC delivered a preliminary Market Change Profile (MCP) to municipalitiesMPAC delivered the 2002 Assessment Roll for 2003 Taxation to all municipalities in Ontario – December 17, 2002MPAC delivered a Market Change Profile (based on roll values) to municipalities in early January, 2003



The Assessment Cycle

Assessment Assessment TaxationTaxation ValuationValuationYearYear Year(s)Year(s) DateDate1997 1998, 1999, 2000 June 30, 19962000 2001, 2002 June 30, 1999

2002 2003 June 30, 2001

2003 2004 June 30, 20032004 2005 avg. of 2003 & 20042005 2006 three yr. rolling avg.



Important DatesAssessment Roll returned December 17, 2002

Assessment Notices mailed early-mid November, 2002

Requests for Reconsideration available throughout 2003

Appeal Deadline March 31, 2003 assessed values for 2003 taxation

Vacancy Rebate applications February 28, 2003 deadline for 2002 vacant commercial, industrial units



Why Current Value Assessment?Market Approach– current value means, in relation to land, the amount

of money the fee simple, if unencumbered, would realize if sold at arm’s length by a willing seller to a willing buyer

– most common assessment method in the world• used in every province in Canada• used in 128 other countries



RememberA change in a property’s assessment does not necessarily mean a change in property taxes

Need to consider:– Property value relative to municipality-wide average– Provincial legislation– Provincial education tax rates– Municipal budget



Township of Central Frontenac Statistics

No. of Roll Numbers 5,870

Estimated Total Assessment 376,417,765+ (2001 base year)

Supplementary Residential Assessment Added for 2002 Taxation 3.4+ million

Loss of Assessment through Reconsideration Process for 2002 Taxation 503,000

Building PermitsReceived 152Completed 257





Customer ServiceDefending values before the Assessment Review BoardProcess Request for ReconsiderationInvestigate and respond to enquiresReview preliminary values prior to roll returnLiaison with other departments and property taxpayers to resolve issuesPrepare and respond to taxpayers request for informationProcess vacancy rebate applications



Contacting the Assessment OfficeCall Centre 1-866-296-6722This is a new initiative set up to answer your basic enquires. The staff are trained on answering most enquires. Area specific concerns will be forwarded to the local field office for follow-up by a Customer Service Representative.The Customer Service Representative will review your enquiry, determine the issue and respond back to you either with an explanation or seeking more information.This process is new and we ask your patience in having your enquiry looked after.



GRAD ( Guideline for Release of Assessment Data)

A property owner or tenant can request in writing one subject property profile for each property that person owns or leasesFor comparable properties MPAC can provide up to six properties and the owner can request up to 6 additional properties, but they must specify the 6 they chose.General information will be provided to the property owner free of charge, for example, How is assessment conducted The assessment roll is available for public inspection at your local Municipal Office



GRAD con’tMPAC is not bond by the properties that they select or that the owners selects in the appeal process if they find that these properties are not similarAny additional information requested may result in a charge being applied to it, please consult our website or contact for further information.



Request for ReconsiderationThis is a free service provided to all customers.It must be done in writing, either in a letter or filling out a form stating the reason for your request.This can be done at anytime during the year.Your request will be reviewed and contact will be made with you to discuss your concerns and if necessary an inspection of your property take place.This review can result in your being satisfied with the explanation of your assessment or that we adjust your assessment through Minutes of Settlement.This information is than forwarded to the municipality to update the tax roll.



Appealing your AssessmentFormal appeal to the Assessment Review Board (ARB) must be done by the deadline of March 31,2003.The ARB is an independent tribunal of the Province of Ontario.Filing fee– Residential and Farm $50.00– Commercial, Industrial and Multi-Residential

$125.00Both the property owner and MPAC will be asked to present evidence.The decision of the ARB is final to both parties.



Local Staff

Bev Disney, Municipal Relations RepresentativePeter Moran, Manager, Customer Service John Fenwick, Manager, Property Inspections



Thank you on behalf of the Thank you on behalf of the Municipal Property Assessment CorporationMunicipal Property Assessment Corporation

Documents

Presentation to the Sharbot Lake Property Owners Association · Presentation to the Sharbot Lake Property Owners Association July, 19th, 2003. ... Municipal Property Assessment Corporation