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Originally Posted by Cube Inmate
Just thought I'd take the opportunity to complain about the "market value"-based taxation system. While it may seem like a good idea, there are situations where it's a little unfair.
My grandparents bought their house almost 60 years ago, when it was in Calgary's suburbs. Now, it happens to be assessed at almost 900K because of its ideal inner-city location. You think my widowed, 89-year-old grandmother can afford to pay taxes on that? It's not easy.
Sure, she could sell the house and be an instant millionaire...but that's not the point...it's her home. Why is she paying 5x as much for the privilege of owning it as someone who lives in the burbs, when that suburbanite likely uses far more of the city's services?
Just a rant.
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I'm only 7 minutes from downtown, I'd gladly trade my condo with your grandparents' house
I'll give you 300k as commission after I sell it too!