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Local Tax Structure:
Residential
Industrial/Commercial
Annual Business Tax: 2%
Sales Tax/Provincial: 7%
Mill Rates 2002:
Residential - 96.94 Commercial -
106.99
1 Mills raises $7,000
Property Taxes:
Residential - 50,000 x 45% = 22,500 x
96.94 = $2,181.15
Commercial - 100,000 x 65% = 65,000 x
106.99 = $6954.53 |