Quote:
Originally Posted by Fuzz
Calgary residential property taxes are still lower than most other places. It's just that before they were even lower due to oil companies covering them for us. That's not happening now, but it doesn't mean we are in big trouble, it's just that we have come back to reality.
https://globalnews.ca/news/4311558/p...cities-canada/ |
Important to point out in regards to Vancouver is the role TransLink plays in keeping the property tax rate low (albeit the home values mean dollars paid is high). Public transportation and major roads, including bridges, eat up an enourmous portion of a city's budget, but TransLink gets to collect from the entire GVRD, but most importantly collects fuel taxes.
So a lot more flexibility with funding for some of the most expensive things definitely helps.