#8953152 - 02/22/17 09:06 AM
Why are 416ers crying about property tax going up?
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Denis Si
Post Master
Registered: 04/11/01
Posts: 2798
Loc: T.O.
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Gotta pay to play. Lowest tax in gta, STILL cry
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#8953217 - 02/22/17 09:46 AM
Re: Why are 416ers crying about property tax going up?
[Re: fatso]
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BroKe
Post Master Sr
Registered: 09/15/01
Posts: 3833
Loc: Markham, Ontario
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^^^^
Agreed
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#8953221 - 02/22/17 09:50 AM
Re: Why are 416ers crying about property tax going up?
[Re: fatso]
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snowman888
Jr Member
Registered: 09/10/02
Posts: 506
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Because the bump in perceived or market value of their home really doesn't mean anything to a homeowner that's not thinking about moving out. It just ends up being an expense that could potentially force them into a situation where they'd have to move out
This. There's still a few original homeowners in Toronto, that puts them in the senior age group. Saying that I think there is a tax deduction for seniors if you have a senior in your life might be worth a look into this.
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#8953222 - 02/22/17 09:51 AM
Re: Why are 416ers crying about property tax going up?
[Re: snowman888]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
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Are we talking about a $100/year increase here?
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#8953278 - 02/22/17 10:32 AM
Re: Why are 416ers crying about property tax going up?
[Re: TheRealCSnapper]
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Denis Si
Post Master
Registered: 04/11/01
Posts: 2798
Loc: T.O.
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I get that people don't want any more taxes but where is the city gonna get cash?
Taxes on homes makes sense since it's the lowest in gta and since Toronto has such an IT population it would be the most effective cash cow for them
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#8953629 - 02/22/17 01:59 PM
Re: Why are 416ers crying about property tax going up?
[Re: Denis Si]
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f22b-dohc
Post Master Supreme
Registered: 09/09/05
Posts: 11227
Loc: canadia
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I get that people don't want any more taxes but where is the city gonna get cash?
makes sense.
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#8953716 - 02/22/17 02:46 PM
Re: Why are 416ers crying about property tax going up?
[Re: 4age]
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SuPeR-MaRiO
Post Master Sr
Registered: 06/28/01
Posts: 6118
Loc: Toronto, Ontario
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Because the bump in perceived or market value of their home really doesn't mean anything to a homeowner that's not thinking about moving out. It just ends up being an expense that could potentially force them into a situation where they'd have to move out to come live with me out in the 905. So really... all this is doing is creating a larger delta between the rich and not-so-rich, and ultimately moving towards eliminating the middle-class.
In the opposite, and obviously hypothetical situation, if values drop all of a sudden, would our dear government be so quick to lower everyone's property tax? I'm not sure this is generally the case...but of course, there will be edge cases where this is so. It certainly wouldn't be expected to be the norm. I'm seeing increases of like $50 per month. That's not insubstantial, but in the grand scheme of all bills, it's negligible. Shrugs.
$50/month = $600 annually, not chump change that's for sure.
Someone should start a property tax poll, sadly I bet I'm near the top 
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#8953834 - 02/22/17 03:36 PM
Re: Why are 416ers crying about property tax going up?
[Re: SuPeR-MaRiO]
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4age
XD XD XD XD
Post Master Sr
Registered: 09/11/01
Posts: 3969
Loc: North York, Ontario, Canada
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Because the bump in perceived or market value of their home really doesn't mean anything to a homeowner that's not thinking about moving out. It just ends up being an expense that could potentially force them into a situation where they'd have to move out to come live with me out in the 905. So really... all this is doing is creating a larger delta between the rich and not-so-rich, and ultimately moving towards eliminating the middle-class.
In the opposite, and obviously hypothetical situation, if values drop all of a sudden, would our dear government be so quick to lower everyone's property tax? I'm not sure this is generally the case...but of course, there will be edge cases where this is so. It certainly wouldn't be expected to be the norm. I'm seeing increases of like $50 per month. That's not insubstantial, but in the grand scheme of all bills, it's negligible. Shrugs. $50/month = $600 annually, not chump change that's for sure. Someone should start a property tax poll, sadly I bet I'm near the top
whoops sorry, 50 per payment I make 6 payments per year. so $25 per month 
Edited by 4age (02/22/17 03:37 PM)
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#8954094 - 02/22/17 06:20 PM
Re: Why are 416ers crying about property tax going up?
[Re: 4age]
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Risky Business
Provides a Great Work Environment. he/him
Post Master Supreme
Registered: 05/17/10
Posts: 44790
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The proposed hike works out to like $10/month for the average home. People are all up in arms over that.
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