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City of Thunder Bay announces tax levy increases

Real Estate transactions make up a large amount of the files we work on at Dubinsky Law. Tax Levy increases are important for anyone who owns a home or is considering buying a home. If you do not already own a home, you may not know that you will be required to pay your municipality or township property taxes. These taxes are usually based on the value of your property and most often have two portions. The first is a municipal portion, which is used to cover the costs associated with running the municipality. The second is an education portion which assists the provincial government in offsetting education costs.

Here are the estimated tax levy increases for the city of Thunder Bay in 2017:

  • residential: 4.24%
  • new multi-residential: 3.77%
  • multi-residential: 0.99%
  • commercial: 0.95%
  • industrial: 4.24%
  • large industrial: 4.25%

If David Dubinsky or Johnny de Bakker can be of assistance in your real estate purchase, or if you have any questions regarding the purchase process, please do not hesitate to contact us today!

 

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