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Originally Posted by Oling_Roachinen
They did. For fourty years they had prime location in inner city Calgary while paying $600 in rent (or less) for the land they were on, while receiving water and electricity.
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Great. Then since they actually did not own property in the taxable sense, they should then get their property tax refunded. Lot fees cover services and utilities. If these tenants were just tenants, why did they pay property tax?
Real estate is broken down into two parts. The land is the real estate. The house is the improvement. We tax both. We compensate for both when required. This is just a weird situation where now, we're only interested in making as much money as we can.