Sunday, 30 March 2008

Comparing your property taxes

In today's Toronto Star online, there's an easy-to-use calculator that allows you to compare how your property taxes stack up against many other municipalities in the GTA.

If you think they're mostly the same, think again.

The average home is now worth about $400,000, so let's use that to compare taxes.
For a home assessed at this amount, here's what you would pay in 2008 in:

  • Oshawa $6,047.22
  • Whitby $4,713.31
  • Ajax $4,637.34
  • Pickering $4,494.60
  • Toronto $2,443.70
  • Mississauga $3,076.69
  • Oakville $3,090.68
  • Vaughan $3,123.32
As you can see, Oshawa is the runaway leader in high property taxes and the City of Toronto has, by far, the lowest property taxes. Kind of makes you wonder why they seem to fuss so often about their taxes.

No comments: