Facts About MPAC
MPAC administers a uniform, province-wide porperty assesment system based on current value assessment is accourdance with the provisions of the Assessment Act. It provides municipalities like Prescott with a range of services, including the preparation of annual assessment rolls, which are used by the Town of Prescott to calculate property taxes.
MPAC is also responsible for preparing preliminary lists of electors for Prescott and school board elections every four years and for reporting the population of Prescott.
The last province-wide assessment update took place three years ago and was based on a January 1, 2005 valuation date. All market increases between the the 2005 base year and the 2008 base year will be phased-in over four years (2009-2012). All market decreases will be applied immediately and are effective for the 2009 tax year.
The Town of Prescott will use the assessed values to calculate your property tax, but will make any adjustments necessary to set our tax rate for only the revenue needed to cover the costs of operations and capital improvements. Education tax rates, which are set by the Government of Ontario, will also be applied to the assessed values.
How to Obtain Information from MPAC
It is important that MPAC has accurate information for every property.
To establish the assessedvalue of your property, MPAC analyzes property sales in yourcommunity and applies the Current Value Assessment method, whichis used by most assessment jurisdictions in Canada and throughoutthe world.
In addition to sales, MPAC looks at the key featuresof every property and may consider up to 200 factors when assessingthe value of a property.
Comparable property information is available fromMPAC free of charge. Visit the web site at www.mpac.ca AboutMyProperty™ tolearn more.
Ifyou wish to access information on properties that are not in Prescott, please submit the properties of interest in writing toMPAC at:
P.O. Box 9808
Toronto, Ontario M1S 5T9
Fax (toll-free): 1 866 297-6703
We encourage you to visit any of MPAC's field officelocations. Please check your assessment notice for a scheduleof the extended hours for Prescott.
For customer service please contact MPAC at:
Toll Free number: 1 866 296-MPAC (6722)
Access for the Deaf, or Hard of Hearing is available by calling
1 877 TTY-MPAC or through the Bell Relay service.
You may also fax MPAC at: 1 866 297-6703
or send MPAC an e-mail at: email@example.com
Please have your 19-digit roll number available when you call.