Re: BY By Tommy boy Ford kicked out!!
I guess you missed this, so here it is again:
Mississauga's Mil Rate is: 0.926648%
Toronto's Mil Rate is: 0.7457653%
Both include school taxes.
Now I could not find anything in MPAC that breaks down assessed value for like properties city to city but the real-estate boards do provide like to like comparisons for average sale prices. So the admitted leap of faith here is that ratio wise MPAC will be close to sales (not value but ratio). If anyone can like to like MPAC, it would improve the below...
For detached family homes:
Mississauga's current average price is: $603,149 times the Mil rate that is $5589
Toronto's current average price is: $840,396 times the Mil rate that is = $6267
The key here is to try and compare like homes to like homes not to compare a downtown condo to suburban track housing. If you look at the average values for all home types the Toronto numbers get pulled down more by small condos (basically mid 500s for Toronto vs low 500s for Mississauga) but is that a fair comparison, I guess it is if you want to propagate the myth.
Post numbers if you actually have better data and not just what you were told...
And, on top of that, Toronto residents have been paying a disproportionately smaller amount in things like property tax, when compared to surrounding areas. Miller may have raised those taxes by a gazzilion percent, but it still didn't bring them up to that of the surrounding areas. This has gone on for far longer than Miller was in office and if any politician now stated that rates would go up to a reasonable level, when running for office, he'd be run out of town on a rail. The gap has simply become too large, for anyone to swallow all at once.
I guess you missed this, so here it is again:
Mississauga's Mil Rate is: 0.926648%
Toronto's Mil Rate is: 0.7457653%
Both include school taxes.
Now I could not find anything in MPAC that breaks down assessed value for like properties city to city but the real-estate boards do provide like to like comparisons for average sale prices. So the admitted leap of faith here is that ratio wise MPAC will be close to sales (not value but ratio). If anyone can like to like MPAC, it would improve the below...
For detached family homes:
Mississauga's current average price is: $603,149 times the Mil rate that is $5589
Toronto's current average price is: $840,396 times the Mil rate that is = $6267
The key here is to try and compare like homes to like homes not to compare a downtown condo to suburban track housing. If you look at the average values for all home types the Toronto numbers get pulled down more by small condos (basically mid 500s for Toronto vs low 500s for Mississauga) but is that a fair comparison, I guess it is if you want to propagate the myth.
Post numbers if you actually have better data and not just what you were told...