Quote:
Originally Posted by ecbin
Yeah, like Christ Almighty, make it a 5% increase so it's a $100/household. People would barely notice.
I wonder how much of the new funding is covered by the property tax increase itself.
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People do notice.
One of my dear relatives has seen their Vancouver property value go from 1.2 mil to 4.5 mil in 15 years. They have gone through multiple tenants with yearly rental income going from near 15k to 33k in that span. Despite their increasing property taxes, they are collecting more $$ per year, outpacing inflation and have seen their home values go up. Yet these jokesters are always out there in the community clamouring for a break from increasing property taxes trying to say they are old and don't have enough income to withstand any further increases!
It's insane to see how supressed property tax rates are on homes worth that much in the region. There's a huge missed opportunity to better fund services.
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