Tag Archives for " assessed value "

Jul 12

What’s the difference is between ‘Assessed Value and Phased-In Value’

By Bruce Firestone | Uncategorized

Simon asks Prof Bruce, “What’s the difference between ‘Assessed Value and Phased-In Value’?” My answer— So let’s say that you own a property, Simon, that you bought in 2015 for $400,000. MPAC (Ontario’s Municipal Property Assessment Corporation) comes along in 2017 and says,  “Hey Simon, good news! Your property is now worth[1] $700,000, you savvy investor, […]

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