Quote:
Originally Posted by housejunk
Your explanation was unecessary. The number this year was 43% I believe? That being said, I'm not of aware of anyone whose property tax hasn't increased. Over a 5 year period, (for myself) its been ridiculous. Plus, I'm a Calgarian so I'm not concerned with what other Canadian municipalities are doing in relation to their own property tax algorithims. From my perspective the return I've seen relating to property tax and services over the time I've owned my home are far from congruent.
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But it has nothing to do with city wide home price increases as you asserted and seem to still believe. (So i can only conclude that it is in fact a needed explanation, for even if it falls on deaf ears in your case others may benefit from not falling for the same logical fallacy that you have.)
It is funny that i just left a thread where people were talking about how surprised/pleased they were to have their home go up 30% in value this year and have their taxes DROP - but by all means, keep believing that home price growth and tax increases are tied together.
Further, how then are your property taxes more painful then any other taxes you pay? Compared to inflation they have been going down, not up. You cannot say that about income taxes... where they take an absolute percentage of your 10% raise, even if inflation is only 4%.
Lastly, IF your home is in fact seeing higher taxes that means it is growing in value at a rate GREATER than the rest of the city. So your entire post about home price growth being meaningless (as you state it is a zero-sum game for a single home owner) makes no sense. YOU are apparently the prime example of someone who is benefitting more than the average Calgary home owner. Your home value growth is FAR FAR FAR greater than your taxes - if your taxes are going up so much as you yourself state.
Claeren.