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Guest: Kenyon Wallace and Diana Zlomislic, investigative reporters
A new Star investigation has revealed that owners of some of Toronto’s cheapest homes might be paying disproportionately more in property taxes than those living in luxurious mansions. Analyzing roughly 12,000 homes sold in 2016, Star reporters found the burden of this tax inequality is shouldered by those with the least-expensive houses, while owners of some of the city’s richest homes in fancy neighbourhoods get a break. Who tallies up the bill? It is the Municipal Property Assessment Corporation (MPAC), a publicly funded agency, who carries the task of valuating properties for tax purposes. While the agency says their assessment process has already been extensively reviewed by several third-party evaluators, the Star’s data analysis revealed there are many over-assessed — and overtaxed — homeowners.
This episode was produced by Saba Eitizaz, Brian Bradley and Sean Pattendon.