OneCity
Senior Member
But remember what happened in 1998, after amalgamation? Now everyone pays the same property tax rate in the old Metro. But before they didn't.
Property taxes in Toronto were lower. Scarborough were the highest. So to make it work, Toronto's taxes went up 18.7%. And Scarboough's went down 5.5%. For residential at least (Toronto had higher rental/commercial rates - which was fine, look at where all the offices were ... Scar bough and York/East York had much lower commercial rates - this is why office growth in Scarborough York/East York has been stagnant for the last 20 years).
Here's the change in rates for 1998 (from page F7 of the Toronto Star - January 4, 1998):
View attachment 101202
I'd be quite happy for taxes to only drop about 15% instead of 18.7% to pay for the DRL. And I'd be quite happy for Scarborough to stop leaching off everyone else.
You think that your taxes would roll back? We are now forced to deal with updating aging infrastructure and keeping up with a rapidly growing City. This issue is far worse Downtown and the reality is no longer low taxes. Completely different age we are now in.
Good luck with that.