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  1. Jan 14, 2024 · City of Toronto staff proposed a 10.5 per cent property tax increase this week – basically, more than $300 per year added to the bill of the average home – and warned without funding from the ...

  2. Feb 14, 2024 · Toronto city council approved the city's largest property tax hike in more than 25 years on Wednesday, along with a $20-million increase to the police budget. '80 cents extra a day, folks can ...

  3. Jan 9, 2024 · According to city staff, the property tax increase would cost the average household another $26.75 per month, or about $321 annually, and generate $380 million in additional revenue this year.

  4. Jan 10, 2023 · The property tax bill for an average priced home would total $3,569. Tory’s proposed 2023 residential tax hike dwarfs the 2.9 per cent introduced in 2022 -- the highest of his tenure at the time.

  5. Jan 11, 2024 · Toronto's budget includes a 10.5 per cent increase in property taxes, which Chow warns could jump to 16.5 per cent if the federal government doesn't chip in $250 million to support the recent ...

  6. Jan 10, 2024 · Why you should care: There is a proposed residential property tax rate increase of 9% which would directly impact your bills. That residential impact for the average home is an increase of $321 annually in 2024, breaking down to a monthly increase of $26.75.

  7. Jan 10, 2024 · The rate includes a nine per cent property tax increase, as well as a 1.5 per cent bump to the city building fund. It will mean an increase of around $360 a year for the average household in ...

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