Monday, August 7, 2017

TORONTO'S 500% PROPERTY TAX INCREASE

It looks like this: one landlord in attendance showed me the tax bill on his building in the 500-block of Yonge. In 2016, he paid just over $22,000 in property tax. In 2017, he was asked to pay more than $48,000. And that increase was the first year of a four year phase in — so he was told to expect similar increases every year until 2020.

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