When buying real estate in Mississauga, understanding the associated property taxes and fees is crucial for managing ongoing costs and making informed investment decisions. Here's a breakdown of the key factors that influence these expenses, along with an overview of the typical fees you can expect as a property owner in Mississauga.
1. Property Taxes in Mississauga
Property taxes are a significant ongoing cost for homeowners in Mississauga. They are calculated based on two primary factors:
- Assessed Value of the Property: The Municipal Property Assessment Corporation (MPAC) is...