MPAC REASSESSMENT REFRESHER
Remember: your taxes won’t go up just because your assessed property value went up. The average Hamilton property is set to jump in assessed value by 27% — but that change is phased in over four years. If your assessed property value increases by more than the city average, expect a tax hike. If it increases by less than the average — or decreases — expect a lower-than-average tax bump. In rare cases, you could see a tax cut.
Spiking home values in parts of the city will be reflected in the coming tax hike. Homes in wards 1 through 3 will see the biggest increase.