When buying a property, most people have overlook the important factor of property tax.
Either selling or buying a house this expense can be one of the decision factor for buyers.
Property Tax Rates Chart for 2011
Click on this Property Tax Rate Chart to see how GTA municipal tax rates stack against each other in Toronto area.
If you house assessed value is $594,000 and the property tax rate in your city is 0.932080% than your property tax could be $594,000 x 0.932080% = $5536.5552
Note: Assessment is done by Municipal Property Assessment Corporation (MPAC)