Exclusively on CP24's 'The Mayor,' David Miller gave details on how much Toronto residents will be shelling out this year by announcing that the property tax rate is set for 2010.
Miller says small business owners will be paying less than expected, but big companies like banks will be paying more, and homeowners will see their tax rate inch up by 2.9 per cent.
Originally, property tax for homeowners was slated to go up as much as four per cent, however in light of the $100 million surplus announced by Miller earlier this month, concessions have been made.
Taxes for big business will go up about two per cent, while small business owners will see a decrease of 3.09 per cent.
All of the details will be made public on Wednesday.
