When buying a property, one of the items I always review (and buyers should always ask about) is Land Taxes. When listing a home most realtors get a copy of the previous years land taxes then post it on the MLS for Buyers Agents. In Toronto, the formula on how land tax is calculated seems to be a tightly held secret. So, when we want to get an idea of what the tax rate might be for a particular home, we typically look at nearby properties. Bradford has made it simpler. Below is a document that I came across on the Bradford West Gwillimbury site. It lays out their method of calculating land taxes. For residential properties in Bradford take the assessed value and multiply it by 1.192575% and you should get your total tax rate.
Click Photo To Enlarge Source: www.town.bradfordwestgwillimbury.on.ca/ (June 2010)
For more tax rates click the link or visit the Town’s web site for the latest information.