Quote:
Originally Posted by borkborkbork
Thanks, Mayor Katz!
|
Yeah but think of all the homeowners who saved money during the 14-year long property tax freeze!
What really drives me crazy is that since home values increased during those 14 years, but the amount of property tax collected stay the same, the property tax mill rate actually went down for the majority of Winnipeg homeowners during that period. So the value of your asset is going up but the tax rate on your asset is going down.
I was just a kid while Sam Katz was mayor, so I never got any of the benefit (tax money saved) from the property tax freeze. Now I'm 26 and rent an apartment in Osborne Village. Much of the infrastructure in the Village is in poor condition. The roads have huge potholes, the backlanes are crumbling, the sidewalks have huge cracks, tons of boulevard trees are missing and haven't been replanted... the list goes on. Yet I always hear from older people about how much nicer the Village used to be. Rent was cheaper, the neighbourhood was cleaner, less homeless people, less crime. I kind of feel like people my age got shafted by that 14 year long property tax freeze. None of the benefit, all the consequences.