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How Property Tax is Calculated


How is Property Tax Determined?

A number of factors go into determining your yearly property tax rate:
 

  • The annual budget for City services; which includes things like funding Police, Fire and Ambulance Service, Roads, Sidewalks, Transit, Parks, Trails, Museums, Recreation Centres, Libraries, and all City programs and services;
  • Provincial taxes (to fund education);
  • Your property value which is assessed every four years by MPAC.

 

Check out this short video about residential property taxes:

How Your Property Tax is Calculated
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