Assessment Review Appraisal
Assessment review appraisals in Canada serve as a vital process for property owners disputing the assessed value or classification of their property as determined by municipal property assessment corporations. This procedure allows for a formal review, potentially leading to adjustments in property assessments which directly impact property taxes.
Helping You Get a Fair Assessment
When property owners disagree with their property's assessed value, an appeal can be filed with the Assessment Review Board (ARB). This appeal process is designed to ensure properties are assessed and classified according to the Assessment Act's provisions. Before lodging an appeal, property owners may be required to submit a Request for Reconsideration (RfR) to the municipal property assessment corporation (MPAC) as a preliminary step. This requirement applies specifically to properties classified as residential, farm, managed forest, or conservation land. For business and non-residential properties, directly filing an appeal with the ARB is permissible without the prerequisite of an RfR.
The appeal process is accompanied by fees and must be initiated within defined deadlines following the RfR decision notification or assessment notice receipt for business and non-residential properties. The ARB, upon receiving an appeal, conducts a thorough review process, which may involve a hearing. This process ensures fairness and compliance with legal assessment standards, offering property owners a formal avenue to dispute and potentially rectify their property's assessed value or classification