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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My taxes dropped this year and held steady last year and I live in Mission/Connaught on 14th Ave and 5th St. That said, the property assesment on my condo is nowhere near the market value...
Don't have to be so bitter chap. So you pay a couple hundred dollars extra a year to live in one of the most desirable communities in Calgary? Woo.
You can always take out a line of credit for 75% of the difference between your bank assessed property value and the balance remaining on your mortgage... that is how you can make the money 'real' without moving. Yes, it is not the full value and you pay a (low) interest rate, but if you do something productive with it, it is worth your while.