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The Provincial Land Tax (PLT) is the property tax paid in unincorporated areas of northern Ontario outside municipal boundaries. The Province collects the PLT to help fund important community services, such as policing, land ambulance, public health, and social services, on behalf of unincorporated areas.
- $300
- PLT rate (per $100,000 of assessed value)
- $300
Learn about the property tax paid in unincorporated areas of Northern Ontario outside municipal boundaries, collected to help fund community services.InformationCanada Post strikeVisit ontario.ca/mail to learn about impacted programs and potential delays.Help us improve your online experienceTake a 2-minute survey and tell us what you think about this page.
Sep 6, 2023 · For example, if a home is valued at $500,000 and the municipal tax rate is 0.5%, the homeowner would owe $2,500 in property taxes for the year. How Property Taxes Vary by Province. Property tax rates vary widely among provinces in Canada. Each province has its own rules and methodologies for assessing property values and calculating taxes.
Provincial Land Tax is the property tax you pay if your property is not part of a municipality. 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 ...
property tax works. The terms and concepts described below are fundamental to the discussion ahead and also help understand property tax issues. Terminology surrounding the property tax does, however, differ. While Canadians usually refer to it as property tax, it is sometimes called real estate tax, realty tax, millage tax, ad
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Jan 5, 2024 · Land transfer tax is a provincial tax levied on newly acquired land. In nearly every province in Canada (with the exception of Alberta and Saskatchewan), when you purchase a property, you’ll be required to pay a percentage of the property value as a lump sum once the transaction has closed.
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Mar 4, 2024 · Property sales in the Greater Toronto Area are also subject to the City of Toronto's municipal land transfer tax in addition to the provincial land transfer tax. As of January 1, 2024, an expanded MLTT threshold took effect in the City of Toronto, for homes valued at $3 million or more, and that have a maximum of two single-family residences.
