Sign Petition

Ontario Property Assessment & Tax Increase

19 Signatures Goal: 10,000

Background To This Petition

By now most homeowners have received their Mpac property assessment.
Most property assessments have increased by at least 5% per year, for the next 4 years.

When assessing a property, Mpac analyzes property sales in your area and surrounding neighbourhoods as well as key factors such as location, lot dimensions, square footage of living area, age of the structure (adjusted for any major renovations or additions), quality of construction, and features such as fireplaces, garages, workshops, boathouses, and the number of bathrooms. Site features in urban and suburban areas such as traffic patterns, corner lots, proximity to a golf course, hydro corridors, railway or green space can also increase or decrease the assessed value of your property.

MPAC was fast to emphasize that “An assessment does not necessarily means that your property tax will increase”.

When we examine the MPAC property assessment, we realize that:

Most owners/occupied homes have  not had improvements to their property but are receiving   a large increase in property assessment. The increase in property assessment is mostly due to the speculations done by a small group of investors.
The municipalities benefit from the existence of property speculations that take place at the expense of owners/occupied homes.
By applying the increased property assessment values, the municipalities will likely increase property taxes and place a financial burden on the majority of homeowners and will make their property less saleable /affordable in the future.
Most municipalities have increased their property revenue due to the large number of new condos and homes built in the last four year.
The municipalities should find a way to tax speculators rather than punish all owners/occupied homes, by developing a two tier taxation that tax owners/occupied homes at  no more than the rate of inflation and tax speculators/investors at a higher rate.
The Canadian economy is slowing down and Canadians are not receiving income increases at the rate of property assessment increase. Most incomes did not increase and any increase is less than the Canadian inflation rate of 1.8%.

Petition

This petition enables us to raise awareness and mobilizes the media and other stakeholders in order to put pressure on the Ontario Government to change it’s property tax regulations to a two tier system, that benefits owners/occupied homes and limits their property tax increase to the rate of inflation.

Links

stopthetaxtrain.com
(opens in a new window)

Is there a cause you really care about? Start a free petition like this one and make a real difference.

  • Stephanie
    Stephanie Canada, Toronto
    Jun 28, 2016
    Jun 28, 2016
    Its not fair that we have to move because or rates and taxs are too high
  • Randolph Bolt
    Randolph Bolt Canada, Mississauga
    Jun 28, 2016
    Jun 28, 2016
    With higher taxes, I am now faced to leave my home. I can't afford to live in Ontario.
19

Signatures

  • 4 weeks ago
    Stephanie Canada
    4 weeks ago
  • 4 weeks ago
    Randolph Bolt Canada
    4 weeks ago
  • 4 years ago
    Rick Canada
    4 years ago
  • 4 years ago
    uri hazan Canada
    4 years ago
  • 4 years ago
    Gary Gratton Canada
    4 years ago
  • 4 years ago
    David Baldazzi Canada
    4 years ago
  • 4 years ago
    Rodney Pritchard United States
    4 years ago
  • 4 years ago
    Sandra Gilchrist Canada
    4 years ago
  • 4 years ago
    Ilan Woizinski Canada
    4 years ago
  • 4 years ago
    Rochelle Goodman Canada
    4 years ago
  • 4 years ago
    Tova Metser Hong Kong
    4 years ago
  • 4 years ago
    Naomi Kfir Canada
    4 years ago
  • 4 years ago
    Alon Metser Canada
    4 years ago
  • 4 years ago
    Victor Metser Hong Kong
    4 years ago
See More