Editing Owner-occupancy (section)

==Costs of home ownership==

===Property tax===
Homeowners are usually required to pay [[property tax]] (or millage tax) periodically.  The tax is levied by the governing authority of the jurisdiction in which the property is located; it may be paid to a national government, a federated state, a county or geographical region, or a municipality. Multiple jurisdictions may tax the same property.

===Property Transfer Tax===
In most [[Canadian province]]s home purchasers must pay a one-time tax called a [[Property Transfer Tax]] (Land Transfer Tax) which is based on the cost of the home.