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Newly-Constructed Homes and Supplementary Taxes
- Owners will receive a tax bill for the value of the vacant lot only until the home is assessed by the Municipal Property Assessment Corporation (MPAC)
- Then they will receive a supplementary tax bill for taxes on the value of the house only
- This process can take 2 to 3 years and the tax bill will be retroactive to the date that you purchased the home.
- To estimate your annual taxes, multiply the purchase price x 0.90%
- For further information contact Revenue and Taxation Services