Toronto property taxes set to increase by 10.5 per cent in 2024
Property taxes are set to increase by 10.5 per cent this year in Toronto, according to budget chief Shelley Carroll.
In a press conference, Carroll said the nine per cent increase to property taxes and 1.5 per cent increase to the City Building Fund is a result of a $1.8 billion shortfall.
The average household can expect to pay approximately $30 more per month, according to Carroll.
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