The Ford government postponed MPAC’s property assessment indefinitely, pending a review of the system in its 2024 Ontario Budget to “maintain stability for taxpayers”.
Property Assessment and Taxation Review
The government is undertaking a review of the property assessment and taxation system focusing on fairness, affordability, business competitiveness and modernized administration tools. Consultations have commenced to seek input on the scope and priority areas of the review. Consultations will continue with broader engagement of stakeholders from across the province starting early spring. To maintain stability for taxpayers, the provincewide property reassessment will continue to be deferred until this review is complete.
2024 Ontario Budget
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