Quote:
Originally Posted by MsMe
It's all about us paying more taxes. Don't forget the market is going into a slump, so how can they justify that huge increase in the property values? Now you see what I meant in my other post. No way my tiny house is going to be worth $131,000 in this area, up from $113,000. Which is what they are going to evaluate it at. 
I bet most of this is going to be paying for the Redhill Parkway. |
You are confusing this as being from the city. It's not, it's from MPAC which assess homes across the province. The mill rate is what the city sets to pay for things in the city like the Redhill Parkway.
It's the mill rate the city uses against the assessed value to determine your yearly taxes.