MPAC has implemented a standardized approach to issuing Property Assessment Change Notices for residential condominiums across the province. In order to ensure a consistent process, condominium developers will now receive a Notice from MPAC for units that are occupied before a residential condominium declaration is registered, reflecting the current ownership at the time of assessment. Until a declaration is registered, the land on which the condominium building is located remains a single property and must be assessed against the owner of that parcel which, in most cases, is the developer.
Once a residential condominium declaration is registered, individual units are created and assigned an assessment roll number by MPAC. When the units become occupied, we will issue a Notice individually to each unit owner. This change also ensures compliance with legislation around issuing a Notice to the owner of the land at the time of assessment, as established in a recent Assessment Review Board decision.