An ongoing Toronto Star investigation into the accuracy and fairness of property assessments found that the Municipal Property Assessment Corporation (MPAC) consistently under- and over-assessed homes’ worth compared to their sales prices.
We analyzed the sales and assessment data for nearly 12,000 Toronto residential properties that sold in 2016. We found MPAC assessed the most affordable homes at values higher than their sale price more often than it over-assessed the most expensive homes.
Here’s how to check your Ontario property assessment and what to do if you think it’s too high (Toronto Star, July 8, 2023)
Check your assessment at MPAC (note: you will need the roll number and access key from your assessment notice)