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Updated over 4 years ago,
why is my property tax bill higher than the municipal tax rate?
Hello, i currently own two properties in Sherbrooke, the tax rate is supposedly 1.13% (based on the appraised value of the property). https://wowa.ca/taxes/sherbroo...
however, my property tax bills are substantially higher. one of my properties is appraised at $184,200, and the tax bill is $2,556/year (not including school tax). the other property is appraised at $149,900, and the tax bill is $2,736/year.
the properties are a duplex and triplex respectively. does anyone know why the tax bill is much higher than the supposed tax rate (actually i'm not sure of that 1.13% number, i just grabbed it off the link above). thanks