Property Tax?

[BrianNSara]

Anyone have a estimate for a townhouse, 34, 40, 50 ect.....??







.

[Style]

i dunno but i do know for sure it will be a heck of a lot cheaper then what we pay in Brampton!:D Think it was taxed at like 0.09 last year! Not sure though!

[jrb]

Hey Brian,

I think I was told in the past that it was a little over 1% of the property value......

Jason

[babymaeby]

http://www.city.cambridge.on.ca/relatedDocs/TaxRates2008.pdf

Last year it was 0.0141620 of assessed value.

Taxes are high in Cambridge. :(

[K.C.]

http://www.city.cambridge.on.ca/relatedDocs/TaxRates2008.pdf

Last year it was 0.0141620 of assessed value.

Taxes are high in Cambridge. :(

Oh my God!!! This is going to hurt!

I think the assessed value is usually about 20% lower than resale value.

[Style]

http://www.city.cambridge.on.ca/relatedDocs/TaxRates2008.pdf

Last year it was 0.0141620 of assessed value.

Taxes are high in Cambridge. :(

LOL You think that is high check out these for Brampton where we pay alot more!

City of Brampton Region of Peel Education Total
Property Class Tax Class Tax Rate Tax Rate Tax Rate Tax Rate
Residential & Farm RT 0.474094% 0.505959% 0.264000% 1.244053%

Now you tell me!

On top of that 2009 taxes are gonna go up another 4% just for the city they havent factored in the Regions or Education yet!

So I see Cambridge as a bargain compared to Brampton! :D

[babymaeby]

LOL You think that is high check out these for Brampton where we pay alot more!

So I see Cambridge as a bargain compared to Brampton! :D

Umm...Cambridge is 1.4%, Brampton is 1.2% - maybe your house there is worth more, but Cambridge actually has a higher rate...

I'm counting on paying about $220 a month for my house that I paid a little over $200,000 for.

[K.C.]

Cambridge property taxes look like they are almost 40% more than Mississauga. I guess it makes sense since there are fewer residents but they still have to perform certain basic services no matter what the population is. I guess this is the price we have to pay to move to a less congested city.

[Alex&Vanessa]

Welcome to Cambridge the city with the highest property taxes in Ontario

but to be fair when you look at the historic tax rate it usually goes down when they do the assessments, I think the 2009 rates will be much lower probably in the 1.3% range

[Style]

LOL My bad! And to think I was paying 3200 per year here in brampton and it was only a semi!:D

You sure Cambridge is the higher though cause a article I pasted didnt say so!


The detailed property tax report issued by the City of Edmonton reveals that some Ontario cities rank the highest in Canada when it comes to property taxes. The cities of Toronto, Ottawa, Brampton, Hamilton and London take five of the top six spots on the list for the highest average property taxes paid. This is something most homeowners in these cities know intuitively every time they pay their tax bill. Now they have it confirmed by an objective report which compared over 30 municipalities across Canada.

Toronto ranked first with the highest taxes paid at $3,912, followed by Brampton at $3,826. Ottawa was third at $3,532; Hamilton and London were fifth and sixth at $3,305 and $3,078 respectively. St. John’s Newfoundland deserves credit for taking last place with the lowest average tax at $1,540, and Surrey, BC was second last at $1,814.

Hopefully it will be lower LOL!

[Alex&Vanessa]

Don't forget that the rankings are based on total amount of taxes not the tax rate, the property values in Toronto are alot higher on average than the ones in Cambridge.

I don't know if it is the highest, but it is higher than brampton, Mississauga, Waterloo, Guelph, Milton, Kitchener

just find the cities website and they post their tax rates

[Style]

Yeah Alex I see your point! A home will have a higher assessment value in Mississauga or brampton so therefore when you take the tax rate and multiply it you will get a higher property tax based on the assessed value driving the total up!