Steve McArthur, who is the Account Manager of the Municipal Property Assessment Corporation for the Nipissing and Parry Sound Districts, says the new property assessments for all homeowners are going out to homeowners by the end of the year.
McArthur is telling people now to take a close look at the assessments to make sure a correct value has been assigned to their homes.
McArthur made the suggestion at a meeting of West Nipissing council where one councillor pointed out how MPAC values have a consequence of forcing taxes up on people’s homes even if they haven’t done anything to those homes in years.
McArthur says MPAC determines property assessments based on the market value of homes.
In the case of West Nipissing, McArthur says the municipality has seen continued growth over the last several years which has seen home prices rise.
But with that rise in property prices also came higher assessed values and that triggered higher taxes.
It’s this triggering effect that has Councillor Yvon Duhaime worried.
Read more here: www.mynorthbaynow.com/41156/west-nipissing-councillor-says-higher-taxes-makes-home-ownership-more-expensive/