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 for tax purposes does NOT increase the level of services that the individual property owners receive for water, sewage, police services, fire services, sidewalks, storm sewers, garbage collection, library services, social services etc for paying said grossly inflated property taxes based on a property evaluation.

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 across the city as are the services provided and received.

All property owners pay for their respective use of electricity, water, gas and receive the identical municipal services no matter what the value the property has been given! Why then should a property valued at a higher value than another property and yet receiving the exact same city services have to pay higher taxes for identical services received by the lower valued property?

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