Quote:
Originally Posted by CaptainYooh
You might be missing something, because business tax rates have been going down each year since 2012.
See here:
Business assessment values are market-based and fluctuate with the economy. If someone owns a small house on 17th Ave, which is being used as a cafe, for example, the value of that business is combined with the value of the property, which in turn produces a combined assessed value respective of that. One may disagree with the concept of market-based property valuations for taxation purposes, but that is a totally different and hypothetical discussion, which has nothing to do with this thread or Council leaning.
The previous and current Councils have been very pro-business, which statement is supported by pretty much every business association in Calgary. |
This is what I hate about our tax system, it's designed to confuse, and most people don't understand it at all. They can lower that rate yearly, make it seem like they're lowering taxes, but in reality they're arbitrarily inflating assessments that in no way tie back to actual value to increase taxes while people think they're lowering taxes because of the rates.