If your property is split in two parts or more (referred to as severance) or if two or more properties are combined under a single ownership (referred to as consolidation) the value of your property and taxes payable will change. This is called an apportionment.
Role of the City in the apportionment process
The Municipal Property Assessment Corporation (MPAC) is responsible for assessing the value of the newly created property. The City is responsible for determining the taxes of the apportioned property assessed by MPAC.
- As the property owner, you should let MPAC know that your property has been apportioned once the legal transfer or conveyance of the land is complete. MPAC determines the value of the newly created property and sends the information to the City.
- The City calculates the taxes for the newly created property in proportion to the value assessed by MPAC.
- Council approves the apportionment of the taxes and issues tax apportionment bills with future bill payment dates to the property owners. Thereafter, the apportioned properties are assessed and taxed as individual properties.