Have you ever wondered how our property tax rates in this area compare to other towns and cities in the province? I have.
Recently, the results of a Municipal Competitiveness Study done by BMA Managements Consultants was released that helps to answer that exact question. The 2007 study compared 79 Ontario municipalities in numerous categories. Among other things, they compared the relative tax rates of an average detached bungalow and interestingly, Wasaga Beach had the lowest rate in the province at $1701.00 per year while Toronto (south) had the highest at $4193.00. Collingwood doesn’t seem to be included in the 2007 study however, according to 2006 figures I found, Collingwood came in at $2611.00 which was right around the study average that year.
If you are analytical and want to read all the details, you can view the full 384 page, 2006 report on the Wasaga Beach website which includes Collingwood data. I found the full 2007 report on the City of London’s website but it excludes Collingwood.
So in answer to the question, it would appear that at least Collingwood and Wasaga Beach compared favourably at the time of the studies. What do you think?
When it’s time to buy or sell real estate in the Collingwood, Blue Mountain or Georgian Triangle area, contact Marg, an experienced and competent Broker who’s ready whenever you are!