If you believe your property has been over-assessed, you have the right to appeal your property taxes. The process may take time, but a successful appeal can lower your annual tax bill and save you money over time.
In Ontario, property assessments are completed by the Municipal Property Assessment Corporation (MPAC). They determine your home’s assessed value based on its location, size, age, and comparable sales. If you believe the value assigned is too high, you can file a Request for Reconsideration (RfR) directly with MPAC, typically within 120 days of receiving your assessment notice.
You will need to provide evidence that supports your claim, such as recent comparable sales, property defects, or errors in MPAC’s data. If the RfR does not resolve the issue, you can appeal further through the Assessment Review Board (ARB).
Keep in mind that appealing your assessment does not automatically mean your taxes will go down. MPAC may determine that the valuation is accurate, or in some cases, they may even find that the value was lower than it should be.
It is helpful to consult with a realtor or appraiser to gather data before filing. Having professional support can strengthen your case and improve your chances of success.
Want help reviewing your property’s assessed value?
I can help you access recent comparable sales and determine whether an appeal may be worthwhile.