Saturday, October 27, 2012

Residential Property Taxes Discriminate Against and Soak Toronto's Middle Class.






Why should one property owner pay more for city services when all properties receive the same level of Toronto City services?

The value of a property has no effect on the level of service that the individual property owner receives in the way of water, sewage, police service, fire services, side walks, storm sewers, garbage collection, library services etc for paying the property tax.

The arbitrary bureaucracy of the MPAC assessed value of residential properties by attempting to ensure that residential property values are fairly relative to one another should have nothing to do with the taxing process for municipal services.

All residential properties, regardless of such market values, receive the exact same level of municipal services no matter what any such perceived value might be. Residential property taxes should be an equal amount for all residents.

Further property owners pay for their respective us of electricity, water, gas and yet receive the identical municipal services no matter what the value of the property has been given.

This present system of a so called level property assessment value is a myth and in reality has nothing to do with increased municipal services and everything to do with current unleveled municipal tax system using assessed real-estate values on varying sizes of residential, condo and business properties.

The city's residential property taxes should be an equal amount for all residents regardless of any arbitrary property values set by MPAC.

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Thanks for your thoughts, comments and opinions, will be in touch. Peter Clarke