Calgarypuck Forums - The Unofficial Calgary Flames Fan Community - View Single Post

Mr.Coffee · 10-31-2018, 08:56 PM

So one thing about the property tax increases if the Yes vote goes through... would those increases be temporary to support the bid and then once the spend is done, reduce property taxes back to 'pre-Olympics' profiles?

Somehow I suspect that becomes a permanent increase. And that's sort of the issue... you may be able to convince me to do like a 2-3 year increase to pay off the Calgary portion required. But that increase will last for the next few decades I own the home, and thus the cost will be actually fairly large and not worth it to me.

Also, is there any way to actually calculate what my increase would be? I tried to find a few numbers online, but couldn't really find enough detail to try and back calculate.

10-31-2018, 08:56 PM	#1736
Mr.Coffee damn onions Join Date: Mar 2006 Exp:	So one thing about the property tax increases if the Yes vote goes through... would those increases be temporary to support the bid and then once the spend is done, reduce property taxes back to 'pre-Olympics' profiles? Somehow I suspect that becomes a permanent increase. And that's sort of the issue... you may be able to convince me to do like a 2-3 year increase to pay off the Calgary portion required. But that increase will last for the next few decades I own the home, and thus the cost will be actually fairly large and not worth it to me. Also, is there any way to actually calculate what my increase would be? I tried to find a few numbers online, but couldn't really find enough detail to try and back calculate.