TORONTO, March 9 /CNW/ - The Ontario-based Coalition After Property Tax
Reform, (CAPTR), is backing John Tory's pledge to cap annual property
assessment increases at 5 per cent if the PC Party wins the provincial
election on October 10th.
CAPTR, a coalition representing a million Ontarians who are members of
ratepayers groups, welcomed today's announcement by the Ontario PC opposition
"We strongly support Mr. Tory's promise to cap assessment hikes and
recognize the damage being done to Ontario homeowners by the volatile and
unpredictable way that property assessments have been soaring," says CAPTR
spokesperson Bob Topp.
"Mr. Tory is demonstrating a real understanding of the underlying
inequity in a system which bases property taxes on a rough estimate of market
worth, taxes unrealized gains in value and leaves the property owner with no
control over tax levels from year to year," adds Topp.
Topp notes that the Liberal government has promised on a number of
occasions, going back to the 2004 budget, that they were going to fix the
"But so far, except for the cancellation of any assessments until after
this fall's election, all we have seen is study, study, study, with no
indication of what the Liberal government would do when their assessment
freeze comes off in 2008, other than let assessments and taxes rise
uncontrolled again," concludes Topp.
The Coalition After Property Tax Reform (CAPTR) is a province-wide
coalition of ratepayer and seniors organizations representing over one million
Ontarians. It was formed in 2006 to lobby for an equitable residential
property tax regime in Ontario.
For further information:
For further information: Bob Topp, (416) 929-9885 or (705) 783-3131