Ontario Property Assessment Corporation: Individual municipalities in Ontario, Canada, were responsible for the provision of assessment services prior to 1970. However, the he introduction of the Ontario Property Assessment Corporation Act resulted in significant changes to tax assessment in the province. The act paved the way for the creation of the Ontario Property Assessment Corporation, which has continued to evolve since its inception. One of the main reasons for the creation and introduction of this body was to allow the province to take over the assessment of taxes, which was traditionally the responsibility of each municipality. The province would take charge of tax assessment with the aim of returning this function to local government after the development of a consistent assessment framework across the province. Additionally, the organization was created following calls for greater control over the management of key elements of the local property tax system by each municipality. History of the Ontario Property Assessment Corporation: As a federal country, Canada has three levels of government, namely federal, provincial and municipal governments. However, municipalities are only recognized in the country's Constitution to the extent that they are the responsibility of their respective provinces. Due to the nature and levels of government in Canada, property tax policies may vary from province to province. Generally, interprovincial property taxes are levied on commercial, residential and industrial properties. In the province of Ontario, property tax is considered a local tax, except in the education sector of the province. Ontario has felt the need to reform tax assessment from time to time due to major problems...... middle of paper ......se and that all costs incurred are based on considerations economy and efficiency. The structure of the Ontario Property Assessment Corporation was primarily influenced by the Assessment Act. The law forms the basis on which the Ministry of Finance establishes and supervises property tax assessment policies, which are implemented by the corporation. Essentially, the current form, procedures and structure of the Municipal Property Assessment Corporation are based on the provisions of the Property Assessment Act. In conclusion, the Ontario Property Assessment Corporation was created as part of the tax reforms in Ontario and the need for local government to take responsibility for fiscal functions in the region. Since its inception, the organization has undergone a tremendous revolution due to legislative, technological and market-related factors..