What’s missed entirely is the fact that home values in Vancouver are 2x - 5x of homes elsewhere in the country so on that basis of course the rate is going to be much lower but gross $ on each property is still close to the same. I wonder when the rates are from too because we pay more than the rate in the table.
What’s missed entirely is the fact that home values in Vancouver are 2x - 5x of homes elsewhere in the country so on that basis of course the rate is going to be much lower but gross $ on each property is still close to the same. I wonder when the rates are from too because we pay more than the rate in the table.
I'm not sure you're right about this. The average price of a home in Guelph is $.76 million, whereas the average price of a home in Vancouver is $1.2 million. According the numbers Russil provided, the property taxes for a $1.0 million home are $2,780 in Vancouver and $11,700 in Guelph. It seems to me that Vancouver residents pay a LOT less in property taxes than Guelph----and Guelph isn't the highest taxed municipality in Ontario, it's more towards the middle.
What’s missed entirely is the fact that home values in Vancouver are 2x - 5x of homes elsewhere in the country so on that basis of course the rate is going to be much lower but gross $ on each property is still close to the same. I wonder when the rates are from too because we pay more than the rate in the table.
I'm not sure you're right about this. The average price of a home in Guelph is $.76 million, whereas the average price of a home in Vancouver is $1.2 million. According the numbers Russil provided, the property taxes for a $1.0 million home are $2,780 in Vancouver and $11,700 in Guelph. It seems to me that Vancouver residents pay a LOT less in property taxes than Guelph----and Guelph isn't the highest taxed municipality in Ontario, it's more towards the middle.