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Toronto property taxes up 3.75%
Homeowners will be facing a 3.75 per cent property tax hike.
City of Toronto officials will roll out an $8 billion spending budget for 2008 on Monday that sources say calls for a 3.75 per cent increase – almost identical to last year's 3.8 per cent. On the average home, that translates to about $80 extra.
The perennially cash-strapped Toronto is presenting a balanced budget this year, thanks to a land-transfer tax on home purchases that goes into effect next Friday.
See story in the Toronto Star »
January 26, 2008 in Toronto Real Estate Taxes | Permalink
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