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MPAC sending out 2017 home assessments

The Municipal Property Assessment Corporation is sending out their 2017 home assessments in Timmins. The majority of homeowners are looking at a 2.5 per cent increase on their property value, which Mayor Steve Black says is actually lower than the city has seen over the last eight years. He says hopefully there are a lot less variations between those go down each year and those that go up. Black says the MPAC assessment plus the mill rate, which is set by the cite, decides what a home-owner’s taxes will do.

Black says the reaction is mixed throughout the city. Some homeowners are happy to see their property value increase, while others don’t like the hike in taxes. MPAC sends out their updated assessments every four years.

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