Quote:
Originally Posted by GenWhy?
I can. Absolutely. Just responding a quick-and-dirty to Klazu's post about a DailyHive "article".
As far as I remember, Van pays about the same in taxes to Burnaby & Surrey? Just laying out it's not all doom and gloom and everything is needed to be seen context. 10% has sticker shock, definitely.
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"Same taxes" is a bit questionable as taxes are based on a mill rate, not a set rate like other taxes. SFHs in Vancouver pay substantially more than other municipalities, and that's fine.
10% is meant as shock value. The increase has been limited to 5% this year, and I can't see any council proposing 10% in the future in all honesty.
That said, the way you increase revenue is through approving more dense development. Tax rates can remain flat as you grow the tax base to pay for increases.
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