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Mortgage Broker News | 29 Sep 2014, 06:11 AM Agree 0
New analysis of figures shows that the lowest property prices do not always mean low property taxes.
  • Victor Simone | 29 Sep 2014, 03:59 PM Agree 0
    Also, many parts of Canada use various methods to arrive at the property valuation. Some valuations are closer to market value, just being off about 10%-15% of the market price. While in other provinces the tax valuation is about 35% lower than the market value.

    I think the formula governments use is, how much can people afford to pay in property taxes before a riot breaks out.
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