Tag Archives for " mpac "

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, […]

Here’s a discussion I was having via email about a proposed property valuation settlement with MPAC*; it came down (seriously) to a coin flip. Life is like that… sometimes. [NAMES AND SOME DETAILS CHANGED FOR PRIVACY REASONS] Bill, it’s something but is it enough? Did MPAC do enough to get your property’s value right? This […]