Current Value Assessments for 2012

Which status below represents you current situation?

A)  I have not appealed my assessment for the 2011 property tax year (No outstanding appeal)
B)  I have been appealing my assessments and have signed off on new revised values
C)  I have been appealing my assessments but have not reached the stage where the ARB has issued a decision.

In ALL cases, refer and confirm with MPAC or consult your property tax consultant.

A: No outstanding appeal
If you have not appealed your current value assessment for 2011, you should start an appeal NOW. You may only appeal the value as it applies for the 2012 property tax year – New appeals are not retroactive.

Our successful agreement with MPAC to value golf courses for property tax purposes will result in a lower Current Value Assessment for the vast majority of golf courses. However, YOU (or your representative) must start the appeal process to take advantage of lower assessments and lower property tax obligations.
Note: Revised values can only be established by fulfilling previous MPAC requests for financial information. Without this information, MPAC has no basis upon which to revalue your assessment.

Start appealing by filing your Request for Reconsideration (RfR) with MPAC by March 31.

MPAC should respond within 60 days (if they have your financial information) with a revised value. It has been our experience that the complexity of the process has resulted in 50% of revised values being further negotiated. Only a qualified golf property tax consultant will know the acceptability of MPAC’s revised value offers.

If you accept the new revised assessment value from MPAC, it will be forwarded to your municipality for their review and acceptance before amended property tax invoices can be issued.

Should you or your municipality NOT accept the revised value, the rejecting party then has 90 days from receipt, to file a formal appeal with the Assessment Review Board.

Click here to access the 2012 RfR form.

Click here for a synopsis of MPAC procedural details to file a Request for Reconsideration.

Or click here to visit MPAC’s website (Step 3. Ask MPAC to review your assessment through an RfR - Request for Reconsideration):

B: You have accepted new revised values from MPAC for prior years and are expecting or have received a refund from your municipality.
Note: the last assessment value from MPAC was applicable to the Property Tax Years from 2009 to 2012 inclusive.

You should have received a notice from MPAC that will show the revised Current Assessment Value (CVA) to be used for 2012 Property Tax Year. Double check that amount against your accepted new value. If it is not correct please contact MPAC at 1 866 296-MPAC (6722).

If you have not received a notice from MPAC with your revised CVA for the 2012 Property Tax Year, please contact MPAC at 1 866 296-MPAC (6722).

C: You have not received a decision from the ARB to confirm your revised CVA that would otherwise be applicable for the 2009 – 2012 Property Tax Years.

In the case where you have applied for an RfR for a revised value to be used for (at least) the 2011 property tax year, you need to do nothing. MPAC, once a decision has been received on outstanding appeals from the ARB, will notify your municipality to implement the revised value for all applicable years and advise the appropriate refund amount through 2011.

In the case of the revised value for the 2012 property tax year, once you have signed off with MPAC on the revised value, the municipality will amend your property tax bill according to their policy at the time of year the revised value is received.

In ALL cases, refer and confirm with MPAC or contact your property tax consultant.