Attaining Tax Sale Properties In Canada
Secrets of Super Wealthy Professional Real Estate Investors part 1 of 10:
A major source of revenue for the Municipal Governments in Canada is the property tax on real estate. This tax is based on the current use and value of the land.
While property tax levels vary between municipalities in a province there is usually common property assessment or valuation criteria laid out in provincial legislation. The municipality has the right to collect property taxes owing even if they have to sell the property to recuperate the property taxes owing. These properties are never listed on MLS or Real Estate Brokers. This is another secret of super wealthy Professional Canadian Real Estate Investors and or Apprentices to attaining Tax Sale properties in Canada.