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Property Value Assessments

2009 - 2012 Assessment of Property Values

The Municipal Property Assessment Corporation (MPAC) issued every property in Ontario a new 4 year phase in assessment in the fall of 2008 for the 2009-2012 taxation years.  This assessment was based on sales from January 1, 2008.  Should you wish to discuss your property's new value, Please contact MPAC at 1-866-296-6722.

Reassessment Cycle

Taxation Year                   Property Value Based On
 
1998, 1999, 2000              June 30, 1996
 
2001, 2002                       June 30, 1999
 
2003                                June 30, 2001
 
2004, 2005                       June 30, 2003
 
2006, 2007, 2008              January 1, 2005
 
2009, 2010, 2011, 2012     January 1, 2008

2013, 2014, 2015, 2016     January 1, 2012 - phased in

Business in East Gwillimbury

The Town of East Gwillimbury is pleased to welcome several new businesses to its economic environment.  We value a balanced tax assessment base and additional employment opportunities for our residents.

Commercial, Industrial, and Multi-Residential Properties

The Region of York has adopted certain property tax “capping” options for properties in the Commercial, Industrial and Multi-residential classes for 2005 and future years, in accordance with the Municipal Act.  

Capping Program 

The Region of York has adopted the following property tax “capping” options for properties in the Commercial, Industrial and Multi-residential classes for 2008 and future years.

  1. Assessment-related property tax increase be limited to an amount which is the greater of:
    (a)10% of the previous year’s annualized property taxes, or
    (b)5% of the previous year’s property taxes at Current Value Assessment (CVA).
  2. Properties, for which tax increases have been capped (protected) but are within $250 of the full CVA taxes, be moved to the CVA tax level within the current taxation year.
  3. Properties, for which tax decreases have been clawed back but are within $250 of their full CVA taxes, be moved to the CVA tax level within the current taxation year.
  4. Eligible properties (new construction/new to class) within the meaning of subsection 331(20) of the Municipal Act, 2001, be taxed at a minimum of:
    (a)  100% of their full CVA tax value for the 2008 taxation year and beyond.