Quote:
Originally Posted by milomilo
Come on, I'm confident you know the reason why Vancouver and Toronto have 'the lowest rates in the country'. You can't compare the mil rate, as it will make cities with high property values look better than cheaper markets.
|
Yeah - extremely hard to compare in this fashion. In Vancouver, as an example, the municipal tax you have to pay when you purchase real estate is absolutely through the roof. They basically bend you over! Here is a comparison of this particular "user fee" (Calgary is listed as #22, and when you look at the tax amount for repeat home buyers, we're tied for cheapest in the country):
REF:
https://www.timescolonist.com/real-estat...xes-across-canada-infographic-1.23359004
Quote:
Originally Posted by milomilo
What I thought was an authoritative voice had backed up what I said, but it may not have been correct. I'd also be interested in some like for like comparisons.
|
Because of the very broad mix of formulas for municipal tax, the only true normalized way of comparing cities in Canada would be to look at total municipal revenue and divide by number of people. The oft stated "Calgary is cheapest" is based on this. I unfortunately don't have a chart, but it gives people something to investigate should they wish. The comparison needs to be limited to cities above a threshold size, as when you get into towns and the like, the cost structure is different because they do not provide all the same services. Calgary is and has been an exceptional place to live with a fantastic quality of life.
Threaded Mode