Two local communities received high praise from a popular National financial publication.
Both West Nipissing and North Bay recently in Money Sense Magazine ranking.
West Nipissing was rated first overall, while North Bay was rated the 7th best place to live for low taxes based on a list of 100 different communities from across the country.
To rate the cites with the lowest taxes, Money Sense considered both tax rates and the average dollar amount paid in taxes.
“If you’re determined to keep your hard-earned money, we suggest a move to West Nipissing, Ont., on Lake Nipissing west of North Bay,” Money Sense stated.
”You’ll pay a property tax rate of 1.9 per cent, which should work out to an annual average bill of $1,495, thanks to an average housing price of just $216,000. And you’ll benefit from Ontario’s relatively low sales and income tax rates.”
To see the entire ranking go HERE