Megan Munroe is grappling how her family is going to handle Toronto’s property tax increase with three young daughters at home.
"The principal priority I had was to reserve frontline services," said Tory."What they don't read about is cuts in frontline services because we preserve them."Munroe said the timing is terrible, with inflation causing prices to spike for everything from gas to groceries. In an interview with CTV News Toronto she explained there's a whole host of impacts at global, provincial and municipal scales impacting supply chains and spending left over from the measures taken during the pandemic.
Property tax is based on the assessed value of a home and not the market value, explained Toronto real estate agent Steve Jelenic. He suggested the reason why this might be happening now is because of a drop in housing sales. "Toronto actually has the lowest percentage tax rate on the assessed value out of any city in Ontario," said Jelenic, adding the assessed value is usually about 60 percent of the true market value.
"I have never seen so many small businesses closing as I've seen lately," said Munroe."So many retail stores deciding to shut their doors after a poor holiday season."
Why don't people speak up and atleast try to reduce of stop this as its not the right time to bleed tax payers that get hit for everything. This mayor has been playing people for years and getting away with it . He is not for the average people he is only for the rich
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