Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post - City tax hikes -- kiss goodbye to your fancy ped bridges

ken0042 · 12-02-2008, 09:44 AM

I don't think it has to do with property values going down; as everybody in the city had their property values go down. The whole "taxes tied to property value" thing is to determine who owes how much- so the guy with the $6M house in McKenzie pays more than the guy with the $200K shack in Forest Lawn. If the property values go down they still each owe the same.

I think there was something before about certain neighbourhoods going into different tax brackets- none of it made any sense as my neighbourhood which is still new and being built went down, and other neighbourhoods that don't need as much infastructure work went up.

12-02-2008, 09:44 AM	#110
ken0042 Playboy Mansion Poolboy Join Date: Apr 2004 Location: Close enough to make a beer run during a TV timeout Exp:	I don't think it has to do with property values going down; as everybody in the city had their property values go down. The whole "taxes tied to property value" thing is to determine who owes how much- so the guy with the $6M house in McKenzie pays more than the guy with the $200K shack in Forest Lawn. If the property values go down they still each owe the same. I think there was something before about certain neighbourhoods going into different tax brackets- none of it made any sense as my neighbourhood which is still new and being built went down, and other neighbourhoods that don't need as much infastructure work went up.