New assessment refers to new construction and/or additions to existing property that have not been assessed by MPAC. We understand new assessment is a key source of revenue for municipalities, and ongoing dialogue about new assessment activity in your municipality is important to you.
In 2018, we delivered more than $38 billion in new assessment to municipalities across Ontario. In the coming weeks, you will have access to new reports via
that provide additional details about the 2018 new assessment activity in your municipality:
New assessment report – year-end
- This new report consolidates each quarterly new assessment forecast against what was processed in 2018, to provide an overall snapshot of new assessment activity in your municipality.
Processing of supplementary and omitted assessments
- This report measures whether we met our commitment to process at least 85% of total supplementary and omitted assessed changes within one year of occupancy.
Updated 2019 new assessment forecast report
- This is an update to the preliminary new assessment forecast report that was shared with you in October of 2018. Given the timing of that report, the forecast numbers have been updated to reflect updated information (such as M-plans or condo numbers). As this information is now available, we’ve updated the forecast and re-run the analysis in order to provide you with the most up-to-date information.