Quote:
Originally Posted by drew
It must have been because I got a letter in the mail explaining how much my TIPP payments were going to be for 2010. It will be about $30 a month more than we are currently paying.
I suppose you'll be getting your own bad news letter soon enough.
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how much did your house value increase from the last assessment to raise your taxes by 18%?....mine more than doubled, so i think i will be screwed.
it is annoying because eventhough my house value did go up, that doesnt really affect my ability to pay taxes on it every year...i still make the same amount of money and cant use the hypothetical equity in my house to pay taxes with....it comes straight out of my wages, which is a tax increase no matter how you slice it.....property values and the amont of money the city needs to plow the snow and pay cops their 6 figure salaries are not really related.
the whole thing would be solved by the province taking school taxes from general revenues and removing them from the property tax bill...there is no reason why property ownership and schools should be related in my opinion....schools are completely unaccountable and are the only non government group that can tax independantly...if they had to go to the government every year and explain their reasons for needing more money it would certainly be more difficult for them....now they just say "think about the children" and everyone says..."oh yeah the children.....of course the children....they need more money"
every citizen should pay for schools, just like they do for health care, roads, police etc....why are schools forced on the backs of property owners...it makes no sense.
i am sure schools will use the increase in property values to increase their grab as well....just because my house is worth more doesnt mean schools should magically be able to profit from it.
i also dont know about the supposed tax freeze anyways...my property tax bill is about 1/3 larger than it was when i bought the house 7 years ago....i guess the school thing has something to do with that.