How does the property tax rate for non-residential (commercial/industrial) properties compare to residential properties in most Alberta municipalities?
Correct Answer
B) Non-residential properties typically have a higher mill rate than residential properties
In most Alberta municipalities, non-residential (commercial and industrial) properties are subject to a higher mill rate than residential properties. This differential tax treatment means businesses generally pay more property tax per dollar of assessed value than homeowners. The ratio varies by municipality.
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