city of ottawa technical briefing on mpac property assessment notices

Download City of Ottawa technical briefing on MPAC property assessment notices

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  • 2016 REASSESSMENT OTTAWA TAXATIONRevenue BranchFinance DepartmentJuly 18, 2016

  • PROVINCIAL ASSESSMENT 2016Required by Provincial legislationAll properties reassessed Residential only Notices mailed July 18Farm Notices will be mailed October 11All other Notices will be mailed October 18MPAC updated assessed values from a valuation date of January 1, 2012 to January 1, 2016Values phased-in for taxation years 2017-2020

  • PROVINCIAL ASSESSMENT 2016 (contd.)To establish a propertys assessed value, MPAC analyzes sales of comparable properties in the property owners area and all the key features that affect market value. This method, called Current Value Assessment, is used by most assessment jurisdictions in North America.

  • PROVINCIAL ASSESSMENT 2016 (contd.)

  • PROVINCIAL ASSESSMENT 2016 (contd.)A reassessment does not change the total taxes collected by the City No additional revenueReassessment Impact = Tax Shift within ClassProperties within the City average increase should not see a tax impact due to reassessmentProperties below average should see a decreaseProperties above average should see an increase

  • BUDGET & POLICY TAX IMPACTSAll properties will continue to see an annual budget increase as approved by Council Properties may see Tax Policy impacts (Tax shifts between classes) if neutral ratios not adopted (Council decision)Tax Policy for 2017 will be placed in front of Council April/May 2017; 2017 budgetary direction to be incorporated

  • IMPACTS SUMMARIZED ON TAX BILLS

    Tax changes due to municipal budget Tax changes due to reassessment above City or Provincial average

  • PROVINCIAL REASSESSMENT CHANGESProvince wide Residential Assessments have increased by an average of 18% from January 1, 2012 to January 1, 2016Ontario East values (Kingston, Brockville, Cornwall, Ottawa and Pembroke) have increased by an average of 5%Ottawa values have increased by an average of 3.45%Different property types are seeing different trends within OttawaCondos have had an overall decrease - 5%Single Family, Semi-detached and Town homes have an overall

    increase - 4.6%

    Other Residential properties (residential vacant land, dwelling with

    multiple units) have an overall increase - 8%

  • PROVINCIAL REASSESSMENT CHANGES (contd.)Waiting for Farm and other notices to be issued to understand the full impact the City. (Fall 2016)City to send tax impact letter to residents with 13.45% increase or higher in the mail August 2, 2016Approximately 15K notices will be mailedResidential properties with additional classes being held until all notices issued in the fall

  • PROVINCIAL REASSESSMENT CHANGES (contd.)

    WARD % CHANGEBELOW CITY AVERAGE (3.45%)RESIDENTIAL PROPERTIES

    TOTAL DIFFERENCE WARDCHANGEFROM AVERAGE

    1ORLANS2.57%-0.88%2INNES2.86%-0.59%3BARRHAVEN 2.92%-0.53%5WEST CARLETON-MARCH3.28%-0.17%7BAY3.16%-0.29%9KNOXDALE-MERIVALE2.72%-0.73%10GLOUCESTER-SOUTHGATE0.65%-2.80%11BEACON HILL-CYRVILLE2.08%-1.37%12RIDEAU-VANIER1.65%-1.80%14SOMERSET-0.21%-3.66%18ALTA VISTA2.96%-0.49%19CUMBERLAND3.13%-0.32%20OSGOODE3.17%-0.29%22GLOUCESTER-SOUTH NEPEAN2.93%-0.52%

  • PROVINCIAL REASSESSMENT 2016 (contd.)

    WARD % CHANGEABOVE CITY AVERAGE (3.45%)RESIDENTIAL PROPERTIES

    TOTAL DIFFERENCE WARDCHANGEFROM AVERAGE

    4KANATA NORTH4.16%0.71%6STITTSVILLE5.03%1.58%8COLLEGE3.49%0.04%13RIDEAU-ROCKCLIFFE3.90%0.45%15KITCHISSIPPI7.35%3.90%16RIVER4.11%0.66%17CAPITAL4.68%1.23%21RIDEAU-GOULBOURN5.34%1.89%23KANATA SOUTH5.02%1.57%

  • 2016 MPAC CHANGESResidential property owners have 120 days from the Issue Date of their Property Assessment Notice to file a Request for Reconsideration (RfR) The RfR deadline for those notices mailed to Ottawa residential property owners on July 18th, 2016 is Tuesday, November 15th, 2016 The Issue Date and RfR deadline are included on the Notice The previous deadline was March 31 of the taxation year.

  • ASSESSMENT PHASE-IN

    Assessment increases are phased in over the next four years (residential approx. 0.86% per year)

    No phase-in for assessment reductions, reductions seen immediately.

    Each yearly phase-in value to be used for corresponding taxation year

  • Property Classification Residential

    Your Property Value as of January 1, 2016 $393,000

    Your Property Value as of January 1, 2012 $380,000

    Property Value Change $13,000

    Tax YearAssessment2017 $383,2502018 $386,5002019 $389,7502020 $393,000

    *

  • 2016 PROPERTY ASSESSMENT NOTICE (contd.)

    Ottawa Issue Date July 18, 2016

  • 2016 PROPERTY ASSESSMENT NOTICE (contd.)

    2016 Current Value Assessment (2020 tax year assessment) Assessed Value as of Jan 1, 2016

    Assessed Value as of Jan 1, 2012

    Change from 2012 to 2016

  • 2016 PROPERTY ASSESSMENT NOTICE (contd.) Property Class Information

    Yearly deadline to appeal assessment through MPAC Ottawas deadline for the 2017 taxation year is November 15, 2016

    Phase-in value to be used for taxation purposes. 2017 assessed value to be used for 2017 tax year

  • WHAT SHOULD A PROPERTY OWNER DO?Verify that MPACs Property Assessment Notice is accurateLogin to view how property was assessed and compare it to other properties at www.aboutmyproperty.caAccess Key provided on Property Assessment NoticeDissatisfied with Assessment Value -Contact MPAC and file a Request for Reconsideration

  • Thank you!

    Questions?

    *

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