Residential tax rates highest in Winnipeg, Halifax and Ottawa for 2011


The 2011 Property Tax Rate Analysis surveys eight major Canadian cities each year to compare their tax ratios. Vancouver, which has the most expensive residential property in the country, will also have the lowest residential tax ratio, at $4.18 per $1,000 or residential assessment in 2011. The Canada average is $9.08 this year.

Calgary, Edmonton, Toronto and Montreal also had residential tax ratios below the national average.

But commercial investors will point out Toronto and Montreal have two of the highest rates when it comes to their sector. The national commercial assessment in 2011 per $1,000 of assessment will be $27.56. Halifax had the highest commercial tax ratio at $37.87, but Montreal at $36.27 and Toronto at $33.66 were not far behind. Vancouver, however, stands below the national average considerably at $18.11 per $1,000 commercial assessment.

“The trending we have been watching over the last number of years has been critical in our analysis of tax fairness,” said the project overview by Altus Group. “Both Vancouver and Toronto have been highly criticized for having high commercial to residential tax ratios. Although these two municipalities continue to have the highest commercial to residential tax ratios, improvement in that regard can be seen in the trending of the last three years.”

Winnipeg, however, remains at the low end of commercial to residential tax ratio, said the report, followed by Edmonton and Calgary.

Estimated property taxes per $1,000 of property tax assessment in 2011:

 

National average

Calgary

Edmonton

Halifax

Montreal

Ottawa

Toronto

Vancouver

Winnipeg

Commercial

$27.56

$15.61

$17.34

$37.87

$36.27

$33.48

$33.66

$18.11

$28.14

Residential

$9.08

$5.67

$7.10

$12.69

$8.71

$12.38

$7.93

$4.18

$13.96

Source: Altus Group Ltd.

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