Have you seen the tax rate of New York, Ottawa, or other big cities? They are over 1%. Why is Toronto different?
Ottawa and New York is over $4500 a year for a house worth $450K
http://app06.ottawa.ca/cgi-bin/tax/tax.pl?lang=en
Last edited:
|
|
|
Toronto Budget problem
- Thread starter murf
- Start date
Have you seen the tax rate of New York, Ottawa, or other big cities? They are over 1%. Why is Toronto different?
Ottawa and New York is over $4500 a year for a house worth $450K
http://app06.ottawa.ca/cgi-bin/tax/tax.pl?lang=en
Because the folks running the city don't have their heads screwed down properly. ^^ There's no doubt that those same low tax rates also contributed to the rise in property values. Not to mention that property values outside the city increased just the same or more, but taxes remained the same or higher. There's no excuse: taxes in Toronto are too low. There's also no doubt that Toronto can curb spending on many social and cultural programs to fix up its infrastructure... and besides, the province (and the fed, perhaps) would kick in a large percentage of the needed funds.
Those highways and roads are the lifeline of the city and should be a top priority for allocation of funds. Every time I read an article about the city spending X million on some art installation, or XX million on some new social or cultural program, I cringe... re-allocate the funds to fix infrastructure; without it you have no city.
Those highways and roads are the lifeline of the city and should be a top priority for allocation of funds. Every time I read an article about the city spending X million on some art installation, or XX million on some new social or cultural program, I cringe... re-allocate the funds to fix infrastructure; without it you have no city.
Last edited:
Ottawa is much closer in size to Mississauga than Toronto, so not really a valid comparison. Los Angeles County has a mean property tax rate of 0.59%, and I suspect infrastructure-wise it's a lot closer to Toronto than New York is. New York has an outstanding and intricate subway system (which we clearly do not), has far more police per capita (41 officers per 10k people compared to Toronto's 20 per 10k), has much richer city-funded arts (museums, galleries, etc). Not an apples-to-apples comparison.
The province will kick in funds for infrastructure too. This money is coming from all of us.
Im not advocating increased property taxes for Torontonians and Im certainly not advocating toll routes for outsiders. We already pay sky high taxes in this province and we shouldn't be bickering over who the government should charge even more money to fix a problem that can be fixed by re-allocation of funds. Their mindset is, as always, how to get MORE money from us when really they should be looking at how to better manage the money we already give them.
Im not advocating increased property taxes for Torontonians and Im certainly not advocating toll routes for outsiders. We already pay sky high taxes in this province and we shouldn't be bickering over who the government should charge even more money to fix a problem that can be fixed by re-allocation of funds. Their mindset is, as always, how to get MORE money from us when really they should be looking at how to better manage the money we already give them.
LA is 0.59% ?? Looks like more than double that to me:
http://cmsapp.co.la.ca.us/auditor/TRAresults.asp?fiscalyear=current&taxarea=00016
2011/2012
*
TAXING AGENCIES TAX YEAR RATE
CITY-LOS ANGELES 0.038666
COUNTY 0.000000
UNIFIED SCHOOLS 0.168187
COMMNTY COLLEGE 0.035296
METRO WATER DIST 0.003700
GENERAL TAX LEVY 1.000000
TOTAL YEAR TAX RATE: 1.245849
elkymutt
Well-known member
WOW, good find murf.
How can a "world class city" decrease its property taxes and then have the audacity to ask (more like assume) for more money from the feds/province (AKA everyone) to help fund their project shortfalls within their jurisdiction?
Charge 905'ers and out of towners to come into the city? What nonsense! The city needs the 'burbs just as much as the 'burbs needs the city. Not everyone can/wants to live in a shoebox or work in a cubicle in the sky or be financed to kingdom come over 35 years!
I was born there, lived there and every since the early 2000's haven't been able to own there and I'm ok with that. Mom + pop shops on the corner are great for whatever urban chic fad is the flavour of the month, but in the end you still have to lug your stuff/groceries/kids in a newspaper cart. Toronto is great place to visit or spend a night but not so much to live unless you make more than 150,000/year.
How can a "world class city" decrease its property taxes and then have the audacity to ask (more like assume) for more money from the feds/province (AKA everyone) to help fund their project shortfalls within their jurisdiction?
Charge 905'ers and out of towners to come into the city? What nonsense! The city needs the 'burbs just as much as the 'burbs needs the city. Not everyone can/wants to live in a shoebox or work in a cubicle in the sky or be financed to kingdom come over 35 years!
I was born there, lived there and every since the early 2000's haven't been able to own there and I'm ok with that. Mom + pop shops on the corner are great for whatever urban chic fad is the flavour of the month, but in the end you still have to lug your stuff/groceries/kids in a newspaper cart. Toronto is great place to visit or spend a night but not so much to live unless you make more than 150,000/year.
|
|
|
|
|