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This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
He was born in Ballymena, County Antrim, Ireland (now Northern Ireland). His parents were Scottish Protestants, John Eaton and Margaret Craig. As a 20-year-old Irish apprentice shopkeeper, Timothy Eaton sailed from Ireland to settle with other family members in southern Ontario, Canada. On 28 May 1862, Eaton married Margaret Wilson Beattie.
The new amendment removed the previously existing non-taxable property threshold, putting a minimum of 0.05% property tax. [6] Real Estate Tax Rate on Residential Houses and Country Houses: [6] Up to 7 mln AMD inclusive – 0.05%; 7–23 mln AMD inclusive – 3.500 AMD + 0.1% of tax base amount exceeding 7 mln AMD
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A ballot proposal that would allow Eaton County to raise taxes substantially was failing with 95% of votes counted.
Although the colony, now a nonprofit corporation, still holds land in the area and collects a relatively small ground rent, the land is subject to state and local property taxes. [104] Common property taxes include land value, which usually has a separate assessment. Thus, land value taxation already exists in many jurisdictions.
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The Eaton family's mausoleum at Mount Pleasant Cemetery in Toronto, with lions by sculptor Eli Harvey The Eaton family is a Canadian family of Scottish-Irish Methodist origin. Established in Toronto , the family dynasty began in 1869 when Timothy Eaton (1834–1907) founded Eaton's , which became a national chain of department stores .