How is property tax handled for Ontario condominiums?
In Ontario, each condominium unit is assessed and taxed separately as an individual property. The Municipal Property Assessment Corporation (MPAC) assesses the value of each unit individually, and the municipality levies property taxes on each unit owner directly. You receive your own property tax bill and are responsible for paying it — property taxes are not collected through your common expenses the way they might be in some US condo models.
Your property tax is based on MPAC's assessed value of your specific unit. If you believe your assessment is too high, you have the right to request a review through the Request for Reconsideration process and, if still unsatisfied, to appeal to the Assessment Review Board.
For new condominium developments, MPAC assesses each unit after the building is registered. In the first year or two after registration, unit assessments may be incomplete or estimated, and final assessments sometimes result in retroactive adjustments. Be aware of this when budgeting for a newly registered condo.
Key takeaways
- Each condo unit is individually assessed and taxed by the municipality.
- Property taxes are paid directly by each owner, not through common expenses.
- MPAC conducts the assessment; appeals go to the Assessment Review Board.
- New buildings may have incomplete assessments in early years that are later corrected.