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Unfair taxes rippedReport urges break for tenantsToronto Sun - September 4, 1997 The biggest factor in Metro's affordable housing crisis is the unfair share of property taxes paid by apartment dwellers, a stakeholders' report charged yesterday. "There's no doubt there's inequity and it's got to be balanced," North York Mayor Mel Lastman said after the release of the Metro Toronto Stakeholder Panel on Housing report at Metro's planning committee. Apartments in Metro pay on average 4.1 times the property tax rates assessed on single-family homes and condominiums. The stakeholder report says the inequity must be addressed to break a logjam blocking affordable apartment construction. "Equalization of property taxes is the largest single measure that could be taken," it says. But Metro Councillor Paul Christie warned equalization could mean a 100% tax hike for many single-family homes. Visit the Toronto Sun newspaper |
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