MPAC Basics
This plan, also known as our North Star, defines where we’re going and how we’ll get there.
What is MPAC's Strategic Plan (2025-2028)?
Typically known as an electronic device that boosts a guitar’s sound, but to MPAC, this refers to a website that promotes transparency.
What is AMP - About My Property?
The City of Toronto implemented the C8 tax subclass beginning in this taxation year.
What is 2022?
This notice is issued under Section 32 of the Assessment Act.
What is PRAN - Post Roll Amended Notice?
This Toronto landmark can be struck by lightning more than 70 times a year.
What is the CN Tower?
What initiative did MPAC roll out giving staff an opportunity to drive positive change and get recognized for innovative thinking?
What is the Pitch?
These codes were developed to identify the responsibility for business activities on all properties based on current property code and property location
What is PAC - Property Administration Code?
Eligible C8 properties receive this percentage tax rate reduction in the 2025 tax year.
What is 15 percent?
An assessment omitted from the roll falls under which section of the Assessment Act?
What is Section 33?
The 401 begins in this Ontario city and ends at the Quebec border leading to Montréal.
What is Windsor?
Commencing in 2017, this bill gives property owners 120 days from the issuance of their assessment notice to file a RfR in an assessment update year.
What is Bill 144 - Budget Measures Act?
This program is a formal structured framework that enables MPAC to carry out multiple data collection campaigns throughout the year.
What is AIRP - Assessment Information Request Program?
To be eligible for the C8 subclass, the property must be classified in this tax class.
What is CT?
According to MPAC’s SLA, supplementary and omitted assessment changes must have 85% of their total value processed within this time frame.
What is 1 year?
This Indigenous word refers to the animal who became a leader not through power, but through observation, patience, and humility.
What is Wabos?
Designed to soften what was expected to be a sharp jump in market values from 2005 to 2008, this type of increase is phased in over a four-year cycle for property owners.
What is Eligible Increase?
This measure evaluates how closely MPAC’s estimates track actual sale prices, often expressed as a median of ratios.
What is ASR - Assessment to Sale Ratio?
Requests for Reconsideration and appeals under the C8 program are handled by this authority.
What is the municipality?
MPAC measures valuation accuracy and uniformity for residential, farm, multi-residential, industrial, and commercial properties against the mass appraisal standards of this organization.
What is International Association of Assessing Officers (IAAO)?
This concept reminds us that small, consistent improvements over time create meaningful results and lasting change.
What is incremental improvement?
The number of people on MPAC's board of directors.
What is 13?
Record your vacation days, working time, and your what counts
What is IRIS - Integrated Resource Information System?
Eligible C8 properties in Toronto’s designated areas, including Downtown, Central Waterfront, Growth Centres, and Avenues, must have a CVA within this dollar range.
What is 7 to 10 million?
The day the assessment roll is delivered to local municipalities, also referred to as the state and condition date.
What is Second Tuesday following December 1?
This Toronto building features nearly 78 kilograms of gold in its windows, worth about 14 million Canadian dollars today.
What is Royal Bank Plaza?