Quote:
Originally Posted by Amethyst
Yeah, all those things would make my life worse and the few dollars I save a month in property taxes would do nothing to mitigate that. I won't be voting for a candidate with that plan.
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I don’t have the exact number but say that my property taxes are $3,000 a year ($250 a month). Saving $60 to $150 a year (2-5%) will have virtually no impact on my budget. I’ll add, the folks that are really getting pinched in today’s economy are likely renting, not owning. So it wouldn’t really impact them at all.
It’s also important to note that a fair chunk of that amount is paid to the province in the form of education taxes. So to achieve that 5% reduction means cutting the municipal portion by closer to 8%.
And this is in a year when housing prices have actually gone up as well (which doesn’t mean taxes wil change because of revenue neutral but does mean people likely have some equity if they truly need to sell).