Cost of housing in Canada

[Brad Sallows]

Interesting property tax comparisons,

Halifax property tax rate % 1.12

Toronto property tax rate % 0.72

Jan 27, 2025

Rate comparisons are meaningless. Almost everywhere rates are manipulated with the rise and fall of assessed values so that the amount payable hits some target (eg. "last year's amount plus 3%"). What should draw attention is that Halifax pays $6,039 on $539,200 and Toronto pays $7,634 on $1,060,300 (Toronto pays less per assessed dollar). Alternately, if I knew the municipal services were approximately equal, I'd focus on Toronto paying more than Halifax regardless of assessed value.

 

[mariomike]

What should draw attention is that Halifax pays $6,039 on $539,200 and Toronto pays $7,634 on $1,060,300 (Toronto pays less per assessed dollar).

Right.

The tax rate % drew my attention.

Not a real estate SME. But, imagine most high value property owners would prefer a lower tax rate.

Understood low tax rate X high value = high taxes.