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Vacant Home Tax declaration deadline. We are dedicated to bringing you the highest-quality news, junk-free and ad-free, about your favorite topics. Please come every day to read the latest vacant residential properties news, Vacant Home Tax notice news, real estate & housing news, and other high-quality news about any topic that interests you. We are working hard to create the best news aggregator on the web, and to put you in control of your news feed - whether you choose to read the latest news through our website, our news app, or our daily newsletter - all free!
Vacant Home TaxCityNews
•Business
Business & Economics
79% Informative
Vacant Home Tax declaration deadline coming up on April 30 .
The rate of taxation is 3 per cent of the property’s current value assessment.
All owners of residential properties, including condo units, must declare occupancy status every year , even if they live there or qualify for an exemption.
A court order has been issued which prohibits occupancy of the property for at least six months of the taxation year.
The unit is needed by the owner, their spouse or a dependent for medical reasons and their principal residence is outside the GTA .
Developers can claim an exemption for a newly constructed residential unit for up to two consecutive years if the unit was not occupied as a residence.
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