World | US | China | Japan | Germany | France | UK | Brazil | Russia | Italy | India | Canada | Australia | Spain | Mexico | South Korea | Indonesia | Nigeria | Pakistan | Singapore | South Africa
Aerospace Industry | Agriculture | Automobile Industry | Biotechnology Industry | Chemical Industry | Construction Industry | FMCG Industry | Food Industry | Hospitality Industry | IT Industry | Nanotechnology Industry | Oil & Gas Industry | Pharmaceutical Industry | Renewable Energy Industry | Steel Industry | Tourism Industry
Credit Card Companies | Credit Card Application Guide | Credit Card Comparison | Credit Card Guide | Credit Card Payment Online | Amex Credit Cards | Mastercard Credit Cards | Visa Credit Cards
More Credit Card Tools & Resources
Accident Insurance | Automobile Insurance | Dental Insurance | Fire Insurance | General Insurance | Health Insurance | Home Insurance | Life Insurance | Sports Insurance | Structured Settlements | Travel Insurance | Insurance Companies | Insurance By Country
There are two recognizable factors on which property tax in Canada is based. One is the assessed value of the property, which is evaluated by the local authorities. The other factor is the property tax rate, which is fixed by the municipality or the local authorities handling taxes. The special assessment tax is sometimes mistaken for the property tax in Canada. The two are however different with regard to taxation. Property Tax is determined by the existing value of the property in the market and on the other hand, Special Assessment Tax encompasses the special assessment.
Types of property:
For imposition of Property Tax, three types of property are recognized.
Real property, Realty and real estate are terms, which denote land and its improvements.
Property tax in Canada is different in the different provinces.
Basis of taxation:
Stephen S. Roach,
Mario Blejer & Eduardo Levy Yeyati,
Got something to say about the economy? We want to hear from you. Submit your article contributions and participate in the world's largest independent online economics community today!