Toronto could see a 10.5% property tax jump
January 10, 2024
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5:17Now PlayingToronto could see a 10.5% property tax jump
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as posted by the channelCity of Toronto staff are recommending a nine per cent hike to the residential property tax and an additional 1.5 per cent increase to the building tax. Budget chief Coun. Shelley Carroll also cautioned that if Ottawa does not help with funding for refugee claimants in Toronto's shelter system, the city will 'have no choice' but to impose a six per cent 'federal impacts levy,' raising the total residential tax increase to 16.5 per cent.
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