Ontario Tax Sale Property Forum

Tax Sale Forum => Questions and Answers => Topic started by: RichD on February 07, 2007, 09:53:12 PM

Title: commercial zoning
Post by: RichD on February 07, 2007, 09:53:12 PM

Hey all,
Does a property having commercial zoning have more or less value then a similar one that doesn't? Generally speaking.

Title: Re: commercial zoning
Post by: Rob on February 08, 2007, 01:10:42 AM

I would say it depends on the tax situation and location.

Title: Re: commercial zoning
Post by: Frank on February 08, 2007, 03:15:58 AM

Rob is correct.  Usually, Commercial property is worth more than residential, howver it really depends on the likelyhood of commercial success in a given location, and/or the physical condition of the property.   Commercial assessment alo attracts a much higher tax rate than residential.

Title: Re: commercial zoning
Post by: RichD on February 08, 2007, 05:54:17 PM

Thanks Guys.