Thanos
Active Member
I don't care about the mill rate %. I have a 4 bedroom home in Cabbagetown and pay way more property tax than my brother in Mississauga who has a similarly sized home. Sure, if I sold it I'd have more money than my brother, but I'm not moving, I don't care about resale. All I care about is keeping my total property tax as low as possible.
I really want to rip into you because this post is full of ignorance. However, i believe you didn't think before you posted.
Let's start with this mill rate, every city in the developped world works this way. You guys are acting like the city of Toronto has some sort of special way of calculating residential taxes that's completely different than any other city in the world.
If you live in an area that's in high demand by wealthy people than the value of your home should be higher and you should be paying more in taxes. Toronto has several neighborhoods where your tax bill will be less than your brother in Mississauga. Or are you trying to say that a 4 bedroom home in Cabbagetown should pay the same taxes as a 4 bedroom home in a not so highly sought after area? Should a 1000sq foot condo in Moss Park pay the same taxes as a 1000sq foot condo in Yorkville?
The city didn't put a gun to your head and forced you to buy in that area. You are free to move if you are not financially able to pay.
If you meant every single word you said, then Mr Beez, you are exactly what is wrong with Toronto.