Property Taxes and Subway Financing

The financing of a new rapid transit project in Toronto is a complex business, and probably the most complex part of the whole thing is the effect this has on property taxes.

This article is intended as an introduction to how these taxes actually work. It is not an exhaustive review, and there are subtleties beyond my scope here.

This is an article for people who like the gory details, and so I will insert the break right here.

Continue reading