Quote:
Originally Posted by twoNeurons
And the highest property values are usually located on large parcels of land away from transit ( and so expensive to service ) or in dense neighbourhood really CLOSE to transit ( and thus would be paying their fair share ). Also, since transit is usually built near current or future dense neighbourhoods, most of the money will come from people who live close to transit.
By Proportion, the densest neighbourhoods end up paying more/sq m. The densest neighbourhoods usually have the most expensive transit systems next to them. Wow... that's even logical.
ALSO, Aren't BC property taxes are the LOWEST in Canada?
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At the end of the day, those people who resists the property tax solution, whether they be the mayors, developers or selfish homeowners (including some forumers here) are the ones that have the most to loose. It be their pet projects or the fact that they must now pay their fair share, they just don't like that. So they try to justify other methods like consumption taxes, road pricing, and so on when property tax really is the best, easiest and above all, fairest way to fund transit expansion in Metro Vancouver.
I'm glad the Evergreen tunneling is finally over, but its too bad its delayed yet again. Of course, they can simply open Burquitlam sooner but what's another six month waiting on top of the already decades long wait for this line anyway?