Facing a whopping property tax bill, the Aga Khan Museum and Ismaili Centre is seeking tax exempt status from the City of Toronto.
The museum opened in September 2014 on a large parcel of land near Eglinton Ave. E. and Don Mills Rd.
City staff have assessed the property, post-development, at $90.9 million. That translates into a $331,700 annual property tax bill.
Because the Ismaili Centre is a place of worship, $43.1 million of the $90.9 million is already tax exempt. The Aga Khan Foundation is asking city council and the provincial government to legally exempt the remainder.
Bullshit – “The Aga Khan Museum is not dissimilar, it’s a facility that brings tourists from around the world and worldwide acclaim to Toronto,” he said.