Write For Us

Toronto property taxes to increase by 5.5% in 2023: Mayor Tory

Sponsored Post Vitamin D2 Canada Persia
52 Views

  • Thanks! Share it with your friends!

    You disliked this video. Thanks for the feedback!

ava
Published
Mayor John Tory has announced that Toronto’s residential tax rate will rise by 5.5 per cent, as the mayor continues to unveil the 2023 budget.

Tory made the announcement on Tuesday and said the property tax increase is below the rate of inflation of 6.6 per cent.

“But I recognize it is nonetheless a significant increase and that we’re asking people to pay more,” Tory continued. “I wish it could be lower because I know any cost increase right now is hard for people to bare.”

Tory said although he wishes it could be lower, the city’s budget faced severe issues this year, including ongoing COVID-19 pandemic costs which have cost the city $5.5 billion since it began in 2020.

For more info, please go to https://globalnews.ca/news/9399280/toronto-residential-tax-rate-2023-budget/

Subscribe to Global News Channel HERE: http://bit.ly/20fcXDc
Like Global News on Facebook HERE: http://bit.ly/255GMJQ
Follow Global News on Twitter HERE: http://bit.ly/1Toz8mt
Follow Global News on Instagram HERE: https://bit.ly/2QZaZIB
#GlobalNews #Toronto #Canada
Category
U.S. & Canada
Tags
global news, toronto, taxes
Sign in or sign up to post comments.
Be the first to comment