Appraisal form ontario 2026

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The document is a Motor Vehicle Appraisal Record issued by the Ministry of Finance, detailing the process for appraising motor vehicles for retail sales tax purposes. It includes sections for dealer/appraiser information, vehicle description, appraisal value, and certification of the appraisal. The document emphasizes that appraisals must be conducted by recognized appraisers and outlines legal implications for false statements.

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Click ‘Get Form’ to open the appraisal form in our editor.
Begin by filling out the Dealer/Appraiser Information section. Enter your Dealer No. and select whether you are a Retail Motor Vehicle Dealer or an Independent Appraiser. Provide your name, telephone number, address, and the name of the current purchaser.
In the Vehicle Description and Appraisal section, input the Vehicle Identification Number (VIN), make, year, model, odometer reading, color, number of cylinders, and transmission type. Be sure to check any applicable options.
Assess the general condition of the vehicle by selecting 'Good', 'Average', or 'Poor' for various features such as air conditioning and power windows. Add any general comments affecting the vehicle's value.
Finally, enter the appraised value of the vehicle and complete the certification section by signing and printing your name along with the date.

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What is the difference between 1004 and 1025 appraisal forms?

0:12 0:58 3 is used for condominium units. And the 1025 is used for 2 to four family dwellings. These areMore3 is used for condominium units. And the 1025 is used for 2 to four family dwellings. These are commonly known as uniform residential appraisal reports UR.

How much does an appraisal cost in Ontario?

A house appraisal in Ontario can cost anywhere between $300 and $1,000 upwards. Yes, it is an investment, but it can help you make a better decision regarding buying, selling, or refinancing properties. Generally, the homeowner or buyer looking to refinance or finance will pay the home appraisal cost.

What is a 1025 appraisal form used for?

For appraisals of detached condominium units, Fannie Mae Form 1004 may be used. Freddie Mac Form 70 may be used for interior and exterior appraisals of detached units, or Form 2055 may be used for exterior-only appraisals. For manufactured homes located in condominium projects, Fannie Mae Form 1004C may be used.