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We are writing to advise you that MPAC has recently issued thousands of supplementary and omitted assessments for industrial, commercial and investment properties throughout the province.  These updated assessments capture changes to your property (real or perceived) and reflect MPAC’s opinion of physical (i.e., additions) or legal (i.e., zoning) changes that have occurred.  These updates usually result in you paying more tax and often these updated assessments extend beyond 2020 and can go back to

The assessed value of all properties in the province of Ontario is estimated to be more than $3 trillion. These changes are summarized in the annual Municipal Property Assessment Corporation (MPAC) assessment rolls, which were delivered to municipalities on Tuesday, December 15th, 2020. Key Facts MPAC delivers an assessment roll annually to municipalities and the Province of Ontario to support the calculation of property and education taxes.In March, the Ontario government postponed MPAC’s province-wide Assessment Update

Business Education Tax (BET) To reduce regional tax inequities and improve business competitiveness, the government proposes to reduce all high BET (Business Education Tax) rates to a rate of 0.88 percent for both commercial and industrial properties beginning in 2021, a reduction of 30 percent for businesses currently subject to the highest BET rate. Property Tax Relief for Small Businesses Beginning in 2021, municipalities would be able to adopt a new optional property subclass for