Idea 20of 23Builds onHealth care is Ontario's biggest part
A property tax bill has a school part
What does a family's property tax bill pay for?
Today you'll discover
- what one square of the bill is worth
- the two parts of the bill
Think firstA $4,000 property tax bill
100 squares make the whole $4,000 bill. What is one square worth?
Decide first, then press Next. Find what one square is worth first.
A 100-square grid for a $4,000 property tax bill; each square is $40. Eight rows are city services, two rows are schools. Bars beside it: city services $3,200, schools $800. Then the schools band is outlined: 20 squares × $40 = $800. The last step shows a $5,000 bill. Made-up numbers.
See the whole ideathe big idea and the key word, in one place
The big idea
A property tax bill pays mostly for town services, and in Ontario part of it pays for schools.
The city partThe city part pays for local services: roads, parks, fire, police and garbage pickup.
Easy to get wrongThe 80 and 20 here are made up. Each town sets its own rate, so the split is different everywhere.
Key word
- education property tax
- the part of an Ontario property tax bill that helps pay for schools; Ontario sets its rate
Ready to use it?
- Find what one square of a bill is worth.
- Find the school part of a property tax bill.