Residents and Property Owners will be receiving their new property assessments in the mail during the first few weeks in November 2008.

Property Assessments are sent out by the Municipal Property Assessment Corporation (MPAC), not Niagara Region.

Average Residential Assessment Increased 18% to 26%

On average, the value of residential properties in Niagara Region increased by 18-26%. This increase will be phased in by 4-6% each year over the next four years.

Waterfront properties increased an average of 28%. Farmland, increased an average of 43%.

The new assessed value is based on what your property was worth in January 2008. The previous assessment took place in January 2005.

Increased Assessment does not mean Increased Property Taxes

An increase in assessment does not necessarily mean an increase in property taxes. If the assessed value of a home has increased by the same percentage as the average in the municipality, there might be no increase in the property taxes.

Contact the Municipal Property Assessment Corporation (MPAC)

If you have questions about your property assessment notice, or wish more information about property assessments, including comparing your assessment and the appeals process, visit the Municipal Property Assessment Corporation (MPAC) website or contact their local Niagara Office:

• Municipal Property Assessment Corporation
  1 St. Paul St,
  St. Catharines
  
  1-866-296-MPAC (6722)
  enquiry@mpac.ca
  
  8 a.m. to 4:30 p.m, Monday - Friday

Property Tax Information

View information, statistics and comparisons about Property Taxes in Niagara Region