PROPERTY ASSESSMENT AND PROPERTY TAX
What's the Difference?
PROPERTY ASSESSMENT
Determines assessed values of property annually, based on market conditions as of January 1 (base date) the year prior to the tax year. E.g. 2026 assessments are based on the market as of January 1, 2025.
Property assessments are prepared by the Municipal Assessment Agency. What affects the market?
 Regulations, zoning by-laws, and restrictions.
 Recent sales of similar properties in your area.
 Property size, age, construction type, condition of your home or building, improvements, renovations, new construction, and other physical characteristics.
 Location and neighbourhood factors (e.g. scenic areas, waterfront views).
 Economic influences such as interest rates and availability of amenities and jobs.
Assessment determines VALUE.
PROPERTY TAX
The amount you pay your municipality each year. The tax rate is set and approved by your local Council annually, based on the total value of taxable property in your community. Helps fund essential services like:
 Snow clearing and fire protection
 Garbage collection and water and sewer
 Roads and recreation
Your municipality determines the TAX RATE.
Have Questions?
Property Value Contact Municipal Assessment Agency
Toll Free: 1-877-777-2807 or info@maa.ca
Tax Bill or Rate Contact your municipality