Newly Constructed Homes

Home/Residents/Property Taxes

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