Tax Rates
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Property taxes
Property taxes are the responsibility of the local municipal level. If you are unsure as to which municipality your property belongs to, please contact info@lanarkcounty.ca.
Tax rates
The tax rate in Lanark County consists of 3 components:
- Local municipal
- Lanark County
- Education
Each of these components is related to the budgetary needs of the three entities. The tax rate is expressed as a percentage of a property's assessed value. Each property class has its own tax rate. The tax rate multiplied by the assessed value, results in the amount of property taxes payable for the year.
Tax rate by-law
Review Lanark County's 2022 Tax rate reductions by-law and 2022 tax rate levied to local municipalities by-law.
Example calculation
Tax Rate A | Assessment B | Property Taxes C = A x B | |
---|---|---|---|
County of Lanark Portion | .00414581 | $200,000 | $829.16 |
Education (Province) portion | .00241000 | $200,000 | $482.00 |
Location Municipal portion (AVG) | .00686912 | $200,000 | $1,373.82 |
Total | .0134293 | $2,684.98 |
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