72 days on market · tax line $1,324 a year higher if the assessment catches up to the price
Time on market
True time on market
72
days, one listing
Displayed on the listing
72
days, as the record carries it
Off market between listings
0
days, since first listed Jun 3, 2026
One listing, 72 days on market since 2026-06-03.
The assessed value on this record, against what is being asked
DemoSource: Demo
Assessed value
$660,000
2026 assessment, 0 years old
Asking, against the assessment
31%
above the assessed value, on $865,000
Effective tax rate
0.6459%
back-computed from the annual tax and assessed value, from the seeded demonstration record for this property
Assessed value of $660,000 on the record for 2026, asking $865,000, which is 31% above the assessed value, $4,263 of annual tax on the record for 2026, and $5,587 at the same rate on the price, $1,324 a year more, from the seeded demonstration record for this property. That record is this build's own arithmetic and not a bill a municipality issued.
What the tax line becomes at your price
Two numbers, and they are not the same number. The annual amount this record carries is what you will actually pay next year, because a sale does not trigger a reassessment in Ontario. What is projected below is the exposure if the assessment is ever trued up to what the house changes hands for.
$in dollars
Prefilled with the asking price. Change it to price your own offer.
On the record today
$4,263
the 2026 annual tax on the assessment record
Projected at your price
$5,587
▲up $1,324 vs the amount on the record$466 a month
Against the asking price
No change
a year
This projection assumes a sale does not trigger a reassessment in Ontario, so your first bill after closing would be calculated on the assessed value already on file and not on what you paid.
It assumes general reassessment has stayed postponed since 2020 and that bills are still calculated on a January 1, 2016 valuation date. Confirm the current year with the municipality, because this is the assumption most likely to have changed.
It assumes that when reassessment resumes an increase is phased in over four years rather than applied at once, so the figure below is the end of a ramp and not the first bill.
The rate used here is back-computed from one assessment and one annual tax amount on this record, and the three sentences above are this build's own description of how assessment and billing work, written from belief. Nobody here has read the Assessment Act, anything the provincial assessment body publishes, or a municipal tax by-law, so take all of it to the municipality before budgeting from it.
This assessment record is seeded demonstration data, not an MPAC record. Verify the assessed value and the bill on the municipal tax portal before budgeting from it.
Everything we hold about this property, dated
One ordered list, price movements and tax records together, because they are the same story told by two different offices. Each row says what it implies rather than leaving you to work it out from the numbers.
Property tax on the recordJul 1, 2026$4,263DemoSource: Demo
The annual tax the record carries for that year, on the assessed value rather than on any asking price.
Assessed value on fileJul 1, 2026$660,000DemoSeeded for this build. Not an assessment by any assessment authority.
The value the tax bill is calculated from. It does not move when the house sells.
The start of the record we hold, which is not necessarily the start of the marketing.
Listing 1
Property tax on the recordJul 1, 2025$4,139DemoSource: Demo
The annual tax the record carries for that year, on the assessed value rather than on any asking price.
Assessed value on fileJul 1, 2025$660,000DemoSeeded for this build. Not an assessment by any assessment authority.
The value the tax bill is calculated from. It does not move when the house sells.
Property tax on the recordJul 1, 2024$4,018DemoSource: Demo
The annual tax the record carries for that year, on the assessed value rather than on any asking price.
Assessed value on fileJul 1, 2024$660,000DemoSeeded for this build. Not an assessment by any assessment authority.
The value the tax bill is calculated from. It does not move when the house sells.
Property tax on the recordJul 1, 2023$3,901DemoSource: Demo
The annual tax the record carries for that year, on the assessed value rather than on any asking price.
Assessed value on fileJul 1, 2023$660,000DemoSeeded for this build. Not an assessment by any assessment authority.
The value the tax bill is calculated from. It does not move when the house sells.
What each kind of event means
Listed
Relisted
Price cut
Price raised
Price change, direction not held
Suspended
Terminated
Expired
Delisted
Sold
Leased
Assessed value on file
Property tax on the record
How this sits against the comparable solds
Priced 19% below comparable solds · 1 price cut so far (-5.9%) · on market 72 days
Our estimate is $1,072,927, in a range of $911,988 to $1,233,866, at low confidence. Weighted average of 2 recent comparable sales (median 1352 m away), each adjusted for living area, sale recency (~0.3%/mo market drift) and bedroom count, then weighted by proximity, recency and similarity. Confidence is low (2 comps, ±15% band). Illustrative estimate on seed data, not a licensed appraisal.
Each of these is a hole in the record rather than a finding about the house. They are listed because a conclusion drawn from a partial history is only as good as the reader’s knowledge of which part is absent.
One listing episode held
The record holds one listing episode. We cannot tell a property that has only ever been listed once from one whose earlier listings were never given to us, so treat the start date below as the beginning of our record rather than the beginning of the marketing.
Listing history for 366 Demo Sorrel Ave, Markham, ON L3R 1B5 · Nested