ASSESSMENT 2012 FOR TAX YEAR 2013-2016

Revenue Branch Finance Department October 9, 2012

PROVINCIAL ASSESSMENT 2012

Required by Provincial legislation All properties reassessed Residential and Farm Property Notices mailed for October 10 Other properties later in November Updated values from January 1, 2008 to January 1, 2012 Values for taxation years 2013-2016

PROVINCIAL ASSESSMENT 2012 (contd.)

Taxes on every property increase or decrease based on actual valuation changes compared to average

A new assessment does not change the total taxes collected by the City
Assessment x tax rate = Taxes

PROVINCIAL ASSESSMENT 2012 (contd.)

WARD % CHANGE BELOW CITY AVERAGE (25.98%) RESIDENTIAL PROPERTIES WARD 01 02 03 04 05 06 ORLANS INNES BARRHAVEN KANATA NORTH WEST CARLETON-MARCH STITTSVILLE TOTAL CVA CHG 23.49% 24.43% 22.76% 22.50% 18.74% 21.73% DIFFERENCE FROM AVG -2.51% -1.57% -3.24% -3.50% -7.26% -4.27%

10
19 20 21 22 23

GLOUCESTER-SOUTHGATE
CUMBERLAND OSGOODE RIDEAU-GOULBOURN GLOUCESTER-SOUTH NEPEAN KANATA SOUTH

25.97%
23.77% 20.73% 21.26% 23.14% 21.21%

-0.03%
-2.23% -5.27% -4.74% -2.86% -4.79%

PROVINCIAL ASSESSMENT 2012 (contd.)

WARD % CHANGE ABOVE CITY AVERAGE (25.98%)

RESIDENTIAL PROPERTIES WARD

TOTAL CVA CHG

DIFFERENCE FROM AVG

07 08 09
11 12 13 14 15 16 17 18

BAY COLLEGE KNOXDALE-MERIVALE

BEACON HILL-CYRVILLE RIDEAU-VANIER RIDEAU-ROCKLIFFE SOMERSET KITCHISSIPPI RIVER CAPITAL ALTA VISTA

28.67% 26.57% 27.75%

28.78% 30.96% 28.53% 34.20% 34.48% 27.22% 31.22% 30.15%

2.67% 0.57% 1.75%

2.78% 4.96% 2.53% 8.20% 8.48% 1.22% 5.22% 4.15%

PROVINCIAL ASSESSMENT 2012 (contd.)

RESIDENTIAL TAX IMPACT DISTRIBUTION BY TAX $

60,000 50,000 NO OF PROPERTIES 40,000 30,000 20,000 10,000 0 -$250 OR -$100 TO - -$50 TO - -$25 TO LESS $250 $100 $50 WITHIN $25 TAX IMPACT $25 TO $50 $50 TO 100 $100 TO $250 $25O OR MORE

PROVINCIAL ASSESSMENT 2012 (contd.)

ASSESSMENT CHANGE

FARM PROPERTIES WARD

NUMBER OF PROPERTIES

TOTAL CVA CHG

05 19 20

WEST CARLETON-MARCH CUMBERLAND OSGOODE

1,097 651 855

31.04% 28.82% 56.11%

21

RIDEAU-GOULBOURN
OTHER TOTAL

1,055
201 3,859

36.77%
N/A 38.71%

IMPACT OF ASSESSMENT 2012

Tax shifts between classes if neutral ratios not adopted (Council decision) Property tax shifts within classes will occur

CHANGES FOR ASSESSMENT 2012

Increased assessment phased in over next four years (residential/farm approx. 6.4% per year)
No phase-in for assessment reductions

10

WHAT SHOULD A PROPERTY OWNER DO?

To see estimate of individual residential impacts, visit the Property Tax Estimator section of the Citys website at ottawa.ca Verify MPAC Notice of Assessment is accurate

11

MPAC SERVICE ENHANCEMENTS

Customer service enhanced

Assessment Notice enhancements About My Property Username and password provided on the 2012 Assessment Notice Request for Reconsideration (due April 1st 2013) is mandatory first stage for residential, farm and managed forest properties
12

Property Classification Your Property Value as of January 1, 2012 Your Property Value as of January 1, 2008 Property Value Change

Residential $360,000 $300,000 $60,000

Tax Year 2013 2014 2015 2016

Assessment $315,000 $330,000 $345,000 $360,000

13

Property Assessment Notice

Header information Names Contact Information

Notice Message Property Description Value/Tax Class

Percentage Change

Phased-In Assessment School Support Property Summary 14 AboutMyProperty access

Property Assessment Notice

Telephone

Web

Fa x

Write

Visit

15

Property Assessment Notice Assessed Value/Classification

Classification 2012 Value 2008 Value

16

Property Assessment Notice Percentage of Change

This percentage change is for year one (2013) of the four-year phase-in cycle.
17

Property Assessment Notice AboutMyProperty Information

To access AboutMyProperty

18

ASSESSMENT 2013 NEXT STEPS

Analysis continues for 2013 tax policy Mailout to residential and farm taxpayers with assessment increase of 10% more than the average 32k properties Councillor and assistant training on October 16th Documentation provided to Council and website updated
19

QUESTIONS?