Hefty Vacant Home Tax May Catch You By Surprise
Did you know that the Vacant Home Tax is very likely HIGHER than your actual Property Tax? This is why it’s in your best interest to declare your home as NOT vacant so that you can avoid this hefty additional tax that the City of Toronto has just implemented for 2022. The Vacant Home Tax is taxed at 1.00% of the assessed value by the Municipal Property Assessment Corporation …
