Toronto city staff is proposing to completely change the vacant home tax program and cancel the bills for the thousands of undeclared properties following the “flawed” and unfairly “punitive” rollout.
, published April 12, to be considered for next week’s council meeting, chief financial officer Stephen Conforti noted the declaration for the 2023 tax year experienced challenges, particularly with how the messaging was handled in informing homeowners of the requirement to declare property status annually as well as the challenges associated with the vacant home tax program “specifically the timing, billing and declaration requirements and the reliance on a Notice of Complaint process to...
Several Torontonians were seemingly unexpectedly hit with a tax bill after failing to make their Vacant Home Tax declaration for 2023, prompting the city to deem their units unoccupied.This tax charges homeowners one per cent of their property value if it is left vacant for more than six months in a calendar year. For the 2024 tax year, and every year after, that rate will be three per cent.
After providing immediate, increased in-person supports, the report noted about 108,000 VHT charges on property tax bills were reversed as of Friday afternoon, boosting the declaration rate to 93 per cent of all residential properties. This is prompting city staff to seek council authority to confirm these properties were indeed occupied last year, so that the property owners will no longer be required to file a declaration or Notice of Complaint for the current tax year. If approved, a notice will subsequently be mailed to these property owners confirming their residence’s occupancy status and reversing VHT charges.Ward 12 Coun.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Toronto police searching for suspect who photographed female students showering at University of TorontoToronto police are searching for a suspect who took photos of female students showering in a University of Toronto residence earlier this year.
Read more »
Missing Toronto senior has been locatedA missing Toronto senior with dementia has been found, Toronto police say.
Read more »
Maple Leafs clinch playoff spot, will return to post-season for eighth year in a rowTORONTO — The Toronto Maple Leafs clinched a playoff berth Friday night without stepping on the ice.
Read more »
Maple Leafs clinch playoff spot, will return to post-season for eighth year in a rowTORONTO — The Toronto Maple Leafs clinched a playoff berth Friday night without stepping on the ice.
Read more »
Most actively traded companies on the Toronto Stock ExchangeTORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (22,051.79, down 60.67 points): Toronto...
Read more »
Spring storm hits Eastern Canada, tens of thousands without power in Quebec, OntarioA handful of flights connecting travellers between Montreal and Toronto were cancelled, Toronto Pearson Airport said
Read more »