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Are these guys for real ?
Toronto’s proposed 2010 budget includes a property tax hike of four per cent as well as new user fees meant to narrow its $382-million shortfall.
The tax hike matches last year’s four per cent increase.
It means a home worth $407,374, the average price in Toronto, will be hit with an extra $93 in property taxes.
Property taxes make up 39 per cent of the revenue for the city’s $9-billion budget.
Mayor David Miller notes that despite the rate jump, Toronto still pays the lowest property taxes of any other municipality in the 905 region.
But critics say a house in the suburbs will likely be situated on a much larger property.
Aside from the property tax hike, the city also wants to increase user fees and impose new costs for city-run services and facilities.
That includes a one-time charge of $50 per family to sign up for recreation programs.
#toronto: And the tax man cometh toronto proposes property tax hike http://www.tdot-o.com/?p=617