In looking at some Mill Rates Around the Greater Toronto Area and in Particular Uxbridge and Georgina I noticed a few peculiarities. While most areas have two different mill rates for residential and multi residential not all do. Some even have four different mill rates with the additional divisions being residential urban and residential rural
It is interesting to note that the Multi Residential mill Rate in the York Region Communities I checked were all higher than the Residential while in Durham Region they were both the same. For example Georgina, which is in York Region has a residential rate of 1.395088 and the same for Multi residential
Uxbridge, Which is in Durham Region has a residential rate of 1.295688 and Multi residential rate of 2.189644
What I found most interesting was Milton, Burlington and Halton Hills had four different residential rates. For example Milton has an urban residential rate of .943257 which is quite a bit lower than both Uxbridge and Georgina. Milton's rural rate is even lower at .898350 which is the second lowest of the ones I looked at with only Toronto being slightly lower.
While the homes would not necessarily compare, because similar homes would not sell for the same amount of money in the different communities, if you looked at a home with an "assessed"value of $300.000 in each community the taxes would vary from $2,695 to $4185 for a home with the same assessed value
$2,695 in Milton R
$2,830 in Milton U
$3,887 in Uxbridge
$4,185 in Georgina
It will be interesting to watch what happens to
"Your" Property Tax Bill
With province wide re-assessment taking place
for your 2009 property tax bill.
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