Home & Garden

Toronto Property Tax increased 10% in 2017

  • Last Updated:
  • Feb 21st, 2018 9:35 pm
Deal Addict
Sep 21, 2011
1158 posts
178 upvotes
tim-x wrote:
Jan 23rd, 2018 5:07 pm
I pay 5k on a 250k house... consider yourselves lucky.
Where you live? Seems high
Deal Addict
Nov 8, 2005
1900 posts
497 upvotes
shawn01 wrote:
Jan 23rd, 2018 5:18 pm
Where you live? Seems high
Chatham Ontario. Obviously not a comparison to Toronto but I'm just saying that people need to be realistic about what others pay in property taxes.
Deal Expert
May 30, 2005
40176 posts
1895 upvotes
Richmond Hill
ferkel wrote:
Jan 23rd, 2018 2:26 pm
House mls value is 700k. Mpac is 450k. Property tax should not have increased so dramatically
If you watched the posted video, you'll understand that it's not how much in value your property went up by, but rather how much it went up by relative to everyone else within the city.
***3M Furnace Filters only $5 each!***
Silver Coins | 3M Furnace Filters | Bosch Orbital Sander
Heatware | RFD Feedback
Deal Fanatic
User avatar
Nov 24, 2012
5100 posts
1393 upvotes
Space
That’s insane...

tim-x wrote:
Jan 23rd, 2018 5:07 pm
I pay 5k on a 250k house... consider yourselves lucky.
tim-x wrote:
Jan 23rd, 2018 5:28 pm
Chatham Ontario. Obviously not a comparison to Toronto but I'm just saying that people need to be realistic about what others pay in property taxes.
Deal Addict
Aug 29, 2011
3142 posts
912 upvotes
Mississauga
Windsor isn't a whole lot better. My parents were paying almost $3k on a house assessed at $150k.

Chatham lost a whole lot of tax money when their industrial base (Navistar, etc.) all but dried up. Gotta make up the difference somehow!
Temp. Banned
User avatar
Dec 7, 2012
31628 posts
8039 upvotes
GTHA
Chickinvic wrote:
Jan 23rd, 2018 10:18 am
Toronto property taxes are very low. Here in Ottawa we pay roughly 1% of the home's "assessed" value per year.
Jon Lai wrote:
Jan 23rd, 2018 10:34 am
For a second I thought Toronto actually increased their property tax by 10%. Disappointed.

It's about time Toronto put its property tax rate more inline to the average and take the extra revenue to build actual infrastructure.
Gee wrote:
Jan 23rd, 2018 11:26 am
Toronto has the cheapest property tax, we pay 40% more than Toronto in the burbs. It is about time Toronto catches up with the rest of the GTA
Mayor refuses to hike property taxes beyond the rate of inflation.

from http://www.cbc.ca/news/canada/toronto/b ... -1.4500665
Deal Addict
Nov 8, 2005
1900 posts
497 upvotes
Solsearchin1 wrote:
Jan 23rd, 2018 9:41 pm
That’s insane...

The other side of that is that my house cost me under 300k but is a 2k sq. ft. new home in a cul Dr sac neighbourhood with nice finishes. Obviously if I lived anywhere else this house would have cost significantly more. However I'm just pointing out that Toronto residents simply have to pay more in property taxes.
Deal Fanatic
User avatar
Nov 24, 2012
5100 posts
1393 upvotes
Space
That’s true. The downside is Chatham homes won’t appreciate at the rate of Toronto homes ( while being charged a steep property tax rate ). I’m actually interested in why Chatham has such a crazy rate. That’s pretty much double most cities ( KW, GTA that I know of). Sorry getting off topic, looking at buying property in Chatham.
tim-x wrote:
Jan 23rd, 2018 10:04 pm
The other side of that is that my house cost me under 300k but is a 2k sq. ft. new home in a cul Dr sac neighbourhood with nice finishes. Obviously if I lived anywhere else this house would have cost significantly more. However I'm just pointing out that Toronto residents simply have to pay more in property taxes.
Deal Addict
Nov 8, 2005
1900 posts
497 upvotes
Solsearchin1 wrote:
Jan 23rd, 2018 10:11 pm
That’s true. The downside is Chatham homes won’t appreciate at the rate of Toronto homes ( while being charged a steep property tax rate ). I’m actually interested in why Chatham has such a crazy rate. That’s pretty much double most cities ( KW, GTA that I know of). Sorry getting off topic, looking at buying property in Chatham.
Not at the rate of Toronto but recently Chatham's market has shot up. Houses on my street sold for 275 three years ago and are now up for sale for 350. It's mainly because of people who are looking to cash in on their real estate market and then buying lower. Someone from Toronto won't hesitate to buy a brand new bungalow here for 350k when it should be valued at around 200-250.
Deal Expert
May 30, 2005
40176 posts
1895 upvotes
Richmond Hill
tk1000 wrote:
Jan 23rd, 2018 9:56 pm
Mayor refuses to hike property taxes beyond the rate of inflation.

from http://www.cbc.ca/news/canada/toronto/b ... -1.4500665
Yeah, that's the problem.

Actually, it's not - the problem is Toronto has an abnormally high demographic of people against raising the property tax, so Tory had to naturally campaign on it while he was seeking election. He's been doing a good job, I hope he will not campaign on the same this year, so that we can finally build the city up again.
***3M Furnace Filters only $5 each!***
Silver Coins | 3M Furnace Filters | Bosch Orbital Sander
Heatware | RFD Feedback
Sr. Member
Jan 15, 2013
890 posts
153 upvotes
Mississauga
Solsearchin1 wrote:
Jan 23rd, 2018 10:11 pm
That’s true. The downside is Chatham homes won’t appreciate at the rate of Toronto homes ( while being charged a steep property tax rate ). I’m actually interested in why Chatham has such a crazy rate. That’s pretty much double most cities ( KW, GTA that I know of). Sorry getting off topic, looking at buying property in Chatham.
I live in the KWC area and I'm envious of this 3k tax rate in Toronto.

For crying out loud I have to deal with the hard water here. Just something we have to deal with. I miss Toronto water, just sayin.
Penalty Box
User avatar
Apr 25, 2013
6611 posts
1149 upvotes
Montreal just got nailed with 10% increase too today ...effing new female mayor !
Deal Fanatic
User avatar
Dec 27, 2009
5103 posts
2436 upvotes
Ottawa, ON
EdT586 wrote:
Jan 24th, 2018 8:27 pm
Montreal just got nailed with 10% increase too today ...effing new female mayor !
Her being "female" is relevant how?
Deal Addict
User avatar
Nov 17, 2004
2161 posts
465 upvotes
Chickinvic wrote:
Jan 25th, 2018 1:37 pm
Her being "female" is relevant how?
Because only a female mayor would have the balls to raise taxes in order to help pay for the increasing costs of maintaining old infrastructure.

Toronto definitely needs to raise property taxes. Not at at once, preferably, but definitely more than it currently is doing, and on an annual basis even if it’s just to fix our broken down school buildings.

Top