2023 Property Tax Policy Handbook
This handbook has been prepared to provide elected municipal officials, municipal staff and property owners in the Region of Peel with a summary of the components of the current assessment and property taxation systems.
The provincial government overhauled the assessment and property tax systems in Ontario, with initial reforms implemented in 1998. Additional assessment and legislative changes have occurred since then. Further changes may still occur - staff will update this handbook as changes are made.
Property assessment and taxation involves many organizations at both the municipal and provincial levels of government. Municipal and provincial government contacts are provided at the end of the document. These references should be consulted for more detailed information about their specific duties and responsibilities regarding assessment and taxation.
The handbook contains the following sections:
- Section 1: Property Taxation and Assessment Basics
Provides a brief summary of property assessment, the roles of the Municipal Property Assessment Corporation and Assessment Review Board, and property tax rates.
- Section 2: Pre-1998 Property Assessment and Taxation
Discusses the system prior to the implementation of reforms and provides background information on the events leading to the implementation of reforms.
- Section 3: Current Value Assessment and Taxation
Describes the current method of assessment and property taxation in Ontario.
- Section 4: Property Tax Policy Options/Tools
Outlines the options and tools that are available to municipalities to manage tax policy and impacts to tax payers.
- Section 5: Roles & Responsibilities
Outlines the roles and responsibilities of the provincial government, the Municipal Property Assessment Corporation (MPAC), the Online Property Tax Analysis (OPTA) system, the Region of Peel, and the lower-tier municipalities within the framework of the property assessment and taxation systems.
- Appendix 1: Total 2023 Tax Rates
- Appendix 2: 2023 Property Tax Policy Deadlines
- Appendix 3: GTA Regions Summary of Tax Tools – 2023
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