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- Education taxes help fund elementary and secondary schools in Ontario. Education tax rates are set by the provincial government. All residential properties in Ontario are subject to the same education tax rate. The education tax rates can be found in Ontario Regulation 400/98.
www.ontario.ca/page/property-tax
Education taxes help fund elementary and secondary schools in Ontario. Education tax rates are set by the provincial government. All residential properties in Ontario are subject to the same education tax rate.
Jan 24, 2024 · Municipal Tax Rate: Set by the municipal government to cover the costs of their annual budget to fund the services municipalities are responsible for and other projects. Education Tax Rate: Set by the provincial government in Ontario Regulation 400/98 under the Education Act.
Education tax rates are set in Ontario Regulation 400/98 under the Education Act, and are available at https://www.ontario.ca/laws/regulation/980400. Information on education property tax rates for certain business properties for which payments in lieu are made can be found here.
Municipalities provide part of core education funding through education property taxes, and we provide the remaining amount. We set the education property tax rate and each municipality: collects this tax from local property owners on our behalf; gives it to school boards in the municipality
Municipalities determine revenue requirements, set municipal tax rates and collect property taxes to pay for municipal services.* Property owners pay property taxes which pay for services in the community. You also pay education taxes that help fund elementary and secondary schools in Ontario.
Determine revenue requirements, set municipal tax rates and collect property taxes to pay for municipal services.*. Pay property taxes that pay for services in the community, and pay education taxes that help fund elementary and secondary schools in Ontario.
People also ask
How do education taxes work in Ontario?
How do property taxes work in Ontario?
What does a property tax officer do in Ontario?
How do municipal taxes work in Ontario?
Where can I find information about property tax rates in Ontario?
How do school funds work in Ontario?
Residential property taxes are calculated using your assessed value, the municipal tax rate, and the education tax rate, which is set by the Province of Ontario. Visit our tax policy webpage for further information.
