Property tax
What happens to tax if I paid it and sold the property soon after? Say I pay for 6 months ahead and then sell?
Is that prorated or how is that handled?
In Toronto
Is that prorated or how is that handled?
In Toronto
- Last Updated:
- Feb 15th, 2021 11:10 pm
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- SCORE
- mstefa [OP]
- Member
- Apr 15, 2009
- 281 posts
- 290 upvotes
- toronto
2 replies
- clutch31
- Sr. Member
- Mar 14, 2018
- 860 posts
- 792 upvotes
- Serasera
- Newbie
- Nov 27, 2020
- 42 posts
- 79 upvotes
Question about property taxes with this market, how will taxes get assessed/reassessed after sales? When property is sold, MPAC uses the sale prices for assessment. Houses in my area have almost doubled, I’m wondering if my property taxes will double now too?
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