Quote:
Originally Posted by GGG
Your Older lot should be taxed like 2 modern burb lots so that you pay for the displacement you cause. Nothing inherently wrong with your choice you should just pay for the implications of your choice.
|
Isn't that already factored into the property valuation? A 60 year old 1,200 sq ft bungalow in Glamorgan or Braeside costs as much as a new 1,800 sq ft house in Bridlewod or Royal Oak. Or do you think lot size should be the
only factor in residential tax rates?
There's also the political reality on the ground that's it's tough sell to dramatically increase the property taxes of a couple in their 70s who have lived in a modest house in Fairview for 40 years. They didn't have any say in the city sprawling out and making their modest home's displacement unfair.