Property Taxes

2016 Reassessment for 2017-2020 tax years

The 2016 reassessment reflects a legislated valuation date of January 1, 2016, for the 2017-2020 property tax years. The assessment update undertaken by the Municipal Property Assessment Corporation (MPAC) has resulted in a Region-wide overall increase of 27.00% as shown below.

Current Value Assessment Change to Full Destination CVA

Property class January 1, 2012 valuation January 1, 2016 valuation Percentage change
Residential $ 92,531,175,412 $ 118,211,601,665 27.75%
Multi-Residential $ 2,380,884,400 $ 3,254,465,000 36.69%
New Multi-Residential $ 35,506,000 $ 45,466,300 28.05%
Commercial $ 13,751,169,544 $ 16,427,671,700 19.46%
Industrial $ 2,789,354,388 $ 3,683,994,470 32.07%
Pipeline $ 227,022,000 $ 252,026,000 11.01%
Farmland $ 853,473,949 $ 1,084,082,500 27.02%
Managed Forest $ 40,188,345 $ 58,985,000 46.77%
Total Taxable CVA $ 112,608,774,038 $ 143,018,292,635 27.00%

The reassessment does not result in an increase in total property taxes collected by municipalities. Municipal tax rates are recalculated such that the same amount of total municipal taxes is collected based on the revised assessment values. The reassessment does however result in shifts in property taxes between properties.

Generally, if a property’s Current Value Assessment (CVA) increases more than the average increase in CVA, that property will experience an increase in property taxes. Conversely, if a property’s CVA increases less than the average increase, that property will experience a decrease in property taxes.

Resources

2017 Property taxes and policies

Local municipal taxes

Assessment

For more information on property taxes, e-mail taxes@halton.ca.