VIDEO – DESCRIPTION:
Ontario’s current property taxation system requires the value of each taxed home to be assessed. Allegations that the Municipal Property Assessment Corporation has made unfair or erroneous evaluations of the values of homes recently led the Ontario government to freeze property values until after the general election of 2007. In 2006, Ontario PC MPP Tim Hudak proposed a 5% cap on the annual increase in the deemed value of homes. PC leader John Tory has made it clear that the 5% cap is to be a major plank in his party’s 2007 election platform.
In this first of a two-part episode of FPTV, Freedom Party of Ontario leader Paul McKeever examines Hudak’s proposal, and explains how it would cause problems without addressing the fundamental problems associated with property taxation.