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Just out of curiosity, how is the property tax derived for a condo unit like Kerrisdale for an owner living in it? I understand its 4% of valuation, but whose valuation? Can an owner here share how much property tax you are paying here and also the monthly maintenance charges? Thanks.
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4 Answers

Hi Recca

Property tax payable per year is computed based on tax rate of the Annual Value of the property. IRAS will send Annual Property Tax Bills to property owners in December each year for the payment of the following year's Property Tax. All property owners are liable to pay Property Tax.

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