Northern Ont. community shocked by plan to hike taxes by 40%
CTV
Residents in Black River-Matheson, east of Timmins, are concerned after learning about plans to raise property taxes by 40.5 per cent.
Residents in Black River-Matheson, east of Timmins, are concerned after learning about plans to raise property taxes by 40.5 per cent.
Municipal officials said the town has been subsidizing the tax rate and is now running out of money for infrastructure and maintenance.
But residents worry such a large tax hike will push businesses and homeowners out.
"When I seen 40 per cent, I almost fell off my chair. I mean, that’s just not something you see," one resident told CTV News.
"My first thought was we’ll never survive here. We’ll have to sell."
Landlord Pauline Francis said she just had to stop renting her units temporarily after a recent water rate hike.
"I had to increase my rent in order to start up again," Francis said.
