@aserealty: The City of Toronto will be hiking property tax rates by 5.5% which is the highest increase since the city amalgamated in 1998. While the rate hike is dramatic, it’s important to remember that Toronto’s property tax assessments are typically much lower than the market value of the home #propertytax #torontohomes #torontorealestate #cityoftoronto #taxes #torontonews #greenscreen

Anya Ettinger//Toronto Realtor
Anya Ettinger//Toronto Realtor
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Region: CA
Friday 13 January 2023 19:56:42 GMT
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72747383873sss
829383773833 :
The reason property tax is increasingly is because the province has cancelled a variety of developer fees to encourage housing construction - this was money that went directly to municipalities. This creates a major budget pressure: cut services or raise taxes. TL;DR Blame Ford
2023-01-14 20:10:51
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higher_state08
user3714071468035 :
Toronto has one of the lowest property tax rates in North America
2023-01-13 20:56:00
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lobokvonzuben
VonZuben :
7%, no? 5.5% for the base property tax and 1.5% for the additional City Building Fund.
2023-01-13 21:01:09
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randomperson034
Random Person :
This doesn’t even match inflation.
2023-01-13 21:24:35
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travelingmansonny
Travelingmansonny :
I’m in Keswick 1.2 mill house 6k taxes no back yard
2023-01-14 13:13:08
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aktosp
aktosp 🇨🇦 :
Duh. You don't pay low property tax because your assessed values are low.
2023-01-19 00:33:50
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aktosp
aktosp 🇨🇦 :
You pay low property tax because Toronto is an old city and infrastructure is built compared to 905
2023-01-19 00:34:34
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