Comments on: What Do Property Taxes Pay For?

By: Barry Choi

Barry Choi — Thu, 10 Jan 2019 21:03:41 +0000

In reply to Olivia. Olivia, You'd have to look at how higher levels of government spend to get a better breakdown.

By: Olivia

Olivia — Thu, 10 Jan 2019 20:19:22 +0000

I am trying to use this website for school, but I’m not finding anything about how the money gets spent with our property taxes, and what it does.

By: Deb

Deb — Fri, 04 May 2018 15:22:34 +0000

And yet I don’t see our roads getting any benefit from property taxes. How many more times does our cities think that patching them is going to cut it. Our roads are the worse they’ve ever been. The city also does a sloppy, crappy job of even patching. It probably would be smoother to drive on a railroad track then it is on our roads. And…there’s a whole lot of pot holes that seem to be ignored. I think that having decent roads to drive on is a necessary and should be a priority.

By: Barry Choi

Barry Choi — Sat, 01 Nov 2014 03:12:17 +0000

In reply to Sean Cooper, Personal Finance Expert and Financial Journalist. Sean, Plus the city badly needs that money that comes in. I found it pathetic that the Toronto Real Estate Board backed a mayoral candidate that has no real plan just so home buyers can save a bit on the land transfer tax. It's like they didn't learn from the last election.

By: Sean Cooper, Personal Finance Expert and Financial Journalist

Sean Cooper, Personal Finance Expert and Financial Journalist — Sat, 01 Nov 2014 03:01:35 +0000

I’m all for a land transfer tax if it keeps property tax increases to the rate of inflation. If people want to buy and sell their home every 2-3 years, let them pay the municipal land transfer tax every time!

By: Weekend Reading – Professionals wasting millions, leverage, taxes and more | My Own Advisor

Thu, 30 Oct 2014 22:58:57 +0000

[…] With the municipal elections that occurred this week, Barry Choi wondered: what do property taxes pay for? […]

By: Barry Choi

Barry Choi — Tue, 28 Oct 2014 05:00:44 +0000

In reply to ourbigfatwallet2014. Ourbigfatwallet, Should be no surprise that most cities in Canada have a pretty big snow removal budget. In Toronto they are out plowing as soon as the snow starts falling which makes driving conditions much safer.

By: ourbigfatwallet2014

ourbigfatwallet2014 — Mon, 27 Oct 2014 18:36:43 +0000

For us the big wild card every winter is snow removal costs. Some years they’re not bad but other years it can get ugly

By: Barry Choi

Barry Choi — Mon, 27 Oct 2014 13:55:39 +0000

In reply to Alan W.. Alan, Yes our Canadian income taxes pay for the army, so it's almost a deal for property deals when the army gets called in to shovel snow. It's just fascinating how many people don't understand that our taxes pay for the services we use everyday.

By: Alan W.

Alan W. — Mon, 27 Oct 2014 13:53:52 +0000

Don’t forget how much calling in the Army to clear the snow costs! 🙂

We pay a very large amount for property taxes here in Ottawa, and the argument is usually between the folks who are “downtown” and those that are in the new rural areas being developed (i.e. who is paying for whose sewers and such)