Pre-Con Property Taxes
As the title states, looking to gain an understanding on what the property taxes will be on our new home. Is it the purchase price x Municipal Residential Property Tax Rate? Or is it the MPAC appraisal of the home x Municipal Residential Property Tax rate? I understand that the MPAC appraisal almost always comes in lower than the purchase price on the resale side... but is this also the case for a pre construction home?