Ontario Reassessment Postponed
Ontario Reassessment Postponed
In today’s Economic Statement, the Ontario government announced that property assessments for the 2022 and 2023 tax
years will continue to be based on the same valuation date that was used for 2021. The Province did also not state when
the next reassessment will occur.
The Province’s rationale for a further postponement is the result of input regarding the timing and valuation date for the next
reassessment has been sought through the Province’s Property Assessment and Taxation Review. During these
consultations, the government heard a wide range of views expressed by municipal and taxpayer representatives and
concluded that the priority is maintaining stability for taxpayers and municipalities at this time.
Originally, the current assessment cycle, where assessed values are based on a January 1, 2016 valuation date, was to be
in effect for the 2017-2020 tax years. In March 2020, the Ontario government announced that the 2021 reassessment
would be postponed due to the COVID-19 pandemic. In March 2021, the Province announced its decision to
further postpone a province-wide reassessment beyond 2022, once again due to the pandemic.
As a result of today’s announcement, Current Values for the 2022 and 2023 tax years will continue to be based on prepandemic property values as of January 1, 2016. This also means that any settlements negotiated for the 2017-2021 years
will continue to be in place and continue to generate tax savings for those properties.
Although there will be no reassessment for 2022, over the next several weeks, MPAC will mail Property Assessment
Notices to owners who have moved, changed their school support or made changes to their property.
Property assessments for the 2022 property tax year will continue to be based on January 1, 2016 current values. This
means your property assessment should remain the same as it was for the 2021 tax year, unless there have been changes
to the property, such as:
• Physical changes such as an addition, new construction, or renovation or demolition
• A change to the property’s classification, including where a property no longer qualifies as farmland, conservation land or
managed forests
• All or part of the property no longer qualifies to be tax exempt
The 2022 Assessment Notices will include enhanced information about the reason why the property owner is receiving a
Notice. There will also be a QR code on the Notice that directs property owners to mpac.ca where more information can be
obtained.
