Many homeowners in Windsor will face a larger property tax than previously believed following this week’s council meeting.
The original 0.9% rate has been increased to 1.7% due to a redistribution of taxes. City councillors voted to reduce the tax on apartment buildings, meaning more tax for other properties.
The move follows pressure from the provincial government to cut taxes for apartment buildings to be in line with other residential taxes.
The Windsor Star reports that there is divided opinion in the city with some believing that apartment building owners should pay higher taxes as they can be written off against tax as business expenses. Others believe all residential properties should be taxed at the same rate.
Steve Randall has more than three decades of media experience encompassing online, newspapers, magazines, radio, and podcasts. He focuses on insights and news for professionals in finance, real estate, and legal services. Steve writes for multiple Key Media titles in Canada, United States, Australia, and New Zealand.
