06-18-2020, 07:26 AM
(06-17-2020, 10:02 PM)danbrotherston Wrote:(06-17-2020, 06:58 PM)tomh009 Wrote: Yeah. That's the Municipal Act. Additionally it restricts the cities as far as structuring the tax rates, with fixed property classes (Assessment Act!) and, as far as my legal reading can comprehend, no ability to use progressive tax rates on properties. One possibility might be to use property rebates to achieve that, but it's not clear what restrictions apply to those.
Ironically, according to one regional council delegation, the reverse actually appears to be true, where because of rules dating from MPAC's introduction, apartment buildings dating to the pre-MPAC era (many more affordable buildings), are actually taxed at double the tax rate of every other building in the city...
Yeah, who knew!
Is it that they count as commercial?
Not an excuse, and a perfect example of why apparently “easy” distinctions that are actually shades of grey should not be treated differently legally, but I have an idea that Toronto has a similar issue although I can’t remember the details.
But hey, large apartment buildings are owned by rich people, right, so it’s all good?