Author Topic: Are you fighting MPAC?  (Read 1431 times)

carburator

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Are you fighting MPAC?
« on: December 03, 2008, 03:30:35 pm »
I was looking at some homes on the mpac web site and one of them is assessed for 395,000 . It also says "functional obscolescence" - 10%.. anyone know what this means? It is an occupied home that looks like its in good condition.

SkiBunny

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Re: Are you fighting MPAC?
« Reply #1 on: December 04, 2008, 06:07:31 pm »
When I look on the mpac site, there are no comparable houses found for my tax account.

The assessment is at least $200,000 over market value - even before the price collapse this fall.  I figure the market value today of my house is probably now HALF of what they say. 

So with our market-value tax assessment system, shouldn't my property taxes fall 50% instead of rise 23% ?

It's outrageous when your annual property tax approaches the cost of a small new car. 
F#*K Toronto and its clueless left-wing politicians!