New construction or physical changes to your building or land may result in additional property taxes being levied. These changes may result in an increase of value to your property, and the town is legislated to issue additional property tax billings due to an increase in value.
- The Municipal Property Assessment Corporation (MPAC) can provide the Town with increased property values (supplementary and/or omitted assessment) for the current tax year and two years prior when:
- land is omitted from the assessment roll
- use of the property changes
- property is improved due to construction, an addition, or renovation
- You will receive a Property Assessment Change Notice from MPAC, informing you of the supplementary and/or omitted assessment value.
- Supplementary and/or omitted residential property tax bills are calculated by multiplying the supplementary and/or omitted assessment value by the tax rate for the applicable tax year.
- MPAC has authority to assign omitted and/or supplementary assessment for the current year and two years prior.
- If you own a new property or have purchased a home in a new subdivision, the first regular bill you receive from the Town may only be for the portion relating to land value. You should expect a supplementary and/or omitted bill for the structure to follow.
- Supplementary and/or omitted assessments are issued under the authority of Section 34 and 33 of the Assessment Act.
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- Building Inspections
- Building Records, Statistics & Reports
Contact Building Services:
905-845-6601 ext. 7377
Build smart. Build safe. Build with a permit.