What to Know About Aurora Ontario Property Taxes And How They Work
Posted by Frank Polsinello on
As a resident of Aurora, Ontario, property taxes are an important part of your yearly expenses. Here's what you need to know:
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What are Property Taxes? Property taxes are a yearly fee that homeowners pay to their local government. This fee goes towards paying for local services such as schools, roads, parks, libraries, police, and fire services.
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How are Property Taxes Calculated? The amount of property taxes you pay is calculated based on the assessed value of your home and the tax rate set by the town of Aurora. The assessed value is determined by the Municipal Property Assessment Corporation (MPAC), which is an independent organization that assesses the value of all properties in Ontario.
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What is the Tax Rate in Aurora? The…
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