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History & Overview of the IMA

Overview of the IMA

The Institute of Municipal Assessors (IMA) is among a select group of professional organizations that is empowered by Province of Ontario Statute; originally incorporated in 1957 and amended in 1987 and 1993 to establish qualifications for membership and to ensure these qualifications are maintained. Through the Institute of Municipal Assessors Act (Bill Pr63), the IMA is empowered to award designations of professionalism as acknowledgement and recognition of expertise in our profession.

The Institute provides its members with industry leading, educational opportunities for professional development. Courses have been designed specifically for members of the property assessment profession with examinations and admission tests for accreditation. Whether M.I.M.A., A.I.M.A., M.I.M.A. (Hon.), M.I.M.A. (Life) or F.I.M.A.; all these earned designations clearly identify the holder as having expertise, experience and integrity among peers.

The IMA membership recently adopted a strong "Code of Ethics and Professional Standards", by which all members are held to the highest standards of professionalism. Clearly designed and straightforward, the Code serves to inspire not only ethical conduct but also emphasizes that the actions of each individual member reflect on all members and the IMA as a whole. The Code is managed by a Compliance Panel which provides guidance to the membership and provides enforcement should the Code be violated.

History of the IMA

In 1941 the Association of Assessing Officers of Ontario was formed. In 1954 the Association created the Institute of Municipal Assessors of Ontario (IMAO) as its education wing. The Institute was incorporated in 1957 and became in 1968 the professional organization for assessors in Ontario.
In l987 the Institute was the subject of a Private Member's Bill passed the Ontario Legislature that protects its designations. In 1997 the word "Ontario" was removed from the Institute's name in recognition of the participation of members from across Canada.

The first courses available in Canada for assessors were developed by the Institute and offered through the Extension Department of Queen's University in 1954.  Today the Institute sponsors and maintains continuing education programs for both accredited members and for persons new to the assessment field. A wide-range of in-person and online professional development offerings support Members at all stages of their career.  Regular publications and e-communications keep Members informed and up-to-date on the ever-changing landscape of the Canadian property assessment field.

Objects of the IMA

The objects of the Institute are:

  1. To strive for, establish, and maintain standards of competence in real property valuation, primarily in municipal assessment;
  2. To foster and support intellectual interchange in matters of real property valuation and assessment by collecting, publishing, and distributing papers and articles and by holding conferences and seminars;
  3. To encourage and support scholarship by establishing, maintaining and conducting programs of instruction in real property valuation and municipal assessment and to provide formal training and educational facilities;
  4. To establish funds, scholarships, bursaries, and grants in aid for support or recognition of scholars, students, teachers, educational institutions, and other persons and organizations engaged in real property valuation and municipal assessment and to provide for the administration, management and investment of money held for such purposes;
  5. To establish standards of competency and to hold examinations and prescribe tests for admission to membership and provide for the classification of membership in the Institute and levels of accreditation related to competence and experience;
  6. To enter into agreements and cooperate with other institutions with similar objectives; and
  7. To maintain discipline among members and students and to impose sanctions, including the withdrawal of or suspension from accreditation in the Institute.