MPAC recommended the church building be exempt from all municipal property taxes
and the Town of Oakville agreed.
Most commercial and industrial property owners in the province pay higher municipal property taxes
than those paid on agricultural and residential properties for delivery of many of the same municipal services, Government Relations Minister Jim Reiter said.
Just as municipal property taxes
on businesses are a partial benefit tax, and for that reason excluded from METR estimates, so should the BET be excluded.
The State Senate recently approved the governor's property tax cap bill, which would limit increases of municipal property taxes
to 2% a year, or the rate of inflation (whichever is lower)--a proposal that has been met with loud opposition from the teacher's union.
The city did that in March 2006, a necessary step for the project to move forward but also one that imposed municipal property taxes
on top of the county, school district and other taxes that the Jeffries had already long been paying.
This decision alone will take $935 million a year off municipal property taxes