evaluate the flat tax in terms of the three criteria for effective taxes.

Was the only other province higher than the Canadian average, at $2,030. Ranging from $640 in Newfoundland and Labrador to $2,230 in Ontario. In 1998, the average homeowner paid $1,830 in property taxes ( Table 1), Is limited to homeowning families (see Data source andĭefinitions).

The portion of their rent attributable to property taxes, the analysis Income inequality in Canada? These questions are addressed using information How is this burdenĭistributed across families with different levels of income? Does theīurden vary among the provinces? Do property taxes contribute to after-tax They may be a particular burden for some homeowners. Since property taxes are not directly related to the ability to pay, On the full value of the property, not the owner's equity. Is a tax on an asset rather than a financial flow. Property tax is one of the three main taxes paid by households. Residential properties are usually taxed at lower ratesįor example, in Ontario the residential rate is 85% of the non-residential Referred to as 'mill rate' and expressed as dollars of tax per $1,000 Multiplying the assessed value of the property by the tax rate-commonly Homeowners pay property tax directly to their local government whereas Other sources of income include grants or subsidies Municipal governments levy such taxes annually on residential, commercialĪnd industrial properties. Revenue for local governments across the country. Regardless of the services provided, property taxes are the major source of

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Evaluate the flat tax in terms of the three criteria for effective taxes.