“This proposed budget will mean change in Torontonians’ lives today. Change means libraries open seven days a week, transit fares frozen while TTC service increases and thousands more kids fed meals at schools and summer camps,” Chow told reporters at city hall.
“Pools open sooner and longer; renovictions prevented by taking housing off the market and more support for tenants; traffic agents to keep Toronto moving and emergency responders arriving sooner when you need them most.”
☝️Now that’s how a politician should talk about taxes.
In addition, property taxes on a large house are much higher than the property taxes on a condo. So even though they can’t target wealth very well, the property tax is somewhat progressive.
Property tax isn’t progressive (a more expensive property isn’t taxed at a higher rate), but you’re right, it’s also not regressive, like sales tax (lower income people spend a higher percentage of their income on living expenses, so they are effectively taxed at a higher rate).