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If your property is not located within a municipality, contact the Provincial Land Tax Office in Thunder Bay for questions about your Provincial Land Tax account (s), payment (s), tax certificate (s) or bill (s): email: plt@thunderbay.ca. local calls: 807-625-2122. Toll-free: 1-866-400-2122.
Sep 5, 2023 · The specific property tax rate for a certain year depends on the budget of the municipality and its total assessment base (their tax base). If more tax revenue is necessary, tax rates will need to go up, and vice-versa. The Education Property Tax rate is set by the province. Ontario sets an education property tax rate for each type of property ...
Property tax is a levy based on the assessed value of property. Property tax has two components: a municipal portion and an education portion. The rates for the municipal portion of the tax are established by each municipality. In a two-tiered municipality, a component of the rate is set by the upper-tier and a component is set by the lower ...
All unincorporated area taxpayers. PLT = PLT Rate × Assessment. Rates are set by the Province. PLT contributes a small portion toward the cost of these services. The Province contributes the rest. * Includes PLT administration and assessment, planning boards, waste disposal sites and fire suppression on Crown Land, Crown Land management, and ...
The information on this page will help you better understand the relationship between your property’s assessed value and your property taxes. Determines property assessments for all properties in Ontario. Determine revenue requirements, set municipal tax rates and collect property taxes to pay for municipal services.*.
Jan 24, 2024 · Total Property Tax Rate: Municipal Tax Rate + Education Tax Rate 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 ...
People also ask
Who determines property taxes in Ontario?
Where can I find information about property tax rates in Ontario?
How does education property tax work in Ontario?
What does a property tax officer do in Ontario?
What is property tax in Ontario?
How do municipal taxes work in Ontario?
The Government of Ontario establishes the province's assessment and taxation laws and determines education tax rates. MPAC determines property assessments for all properties in Ontario. Municipalities determine revenue requirements, set municipal tax rates and collect property taxes to pay for municipal services.*
