06-01-2016, 06:43 PM
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#121
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Scoring Winger
Join Date: Mar 2010
Location: Cowtown
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Quote:
Originally Posted by Dan02
if it went up 43% chances are you were getting it pretty cheap compared to everyone else before,
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Definitely wasn't getting it cheap. Thanks for the helpful input though. I was expecting an increase due to improvements made to our property, but this is a MASSIVE increase.
Last edited by iggyformayor; 06-01-2016 at 07:21 PM.
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06-01-2016, 06:52 PM
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#122
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Scoring Winger
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Quote:
Originally Posted by OMG!WTF!
Yeah pretty much. Property values don't matter at all when the factor you multiply them by always changes to meet the needs of your overlords. It goes in this order...1) budget....2) property assessment...3) mill rate. We need a billion dollars to operate this year, our taxable property is worth 100 billion. So we create a number to multiple your property value by that gives us the money we need to shovel the walk in front of city hall.
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Thanks, I knew they taught weird math at Harvard.
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06-01-2016, 07:18 PM
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#123
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First Line Centre
Join Date: Nov 2010
Location: Sunnyvale
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You Guys are not privy to the ****show down here in Lethbridge. We have the highest city taxes in AB. My property taxes have gone up over $1000 in the last seven years while the assessment is actually less then it was in 2009. This years total is just over $3800 up 3.5%.from 2015.
Municipal governments are a total disaster, ours in particular has two members, including the Mayor who are failed liberal candidates and another whose mother was a liberal MLA. Its no wonder they have no self control when it comes to spending. All they do is try to figure out who is going to pay for the promises they've made; guess what? us the tax payer, that's who. Our city council decided on a ($6.5 million) budget back in 2013? to upgrade an outdoor pool, well after the city began demolition, only one company submitted a tender and it came in at over $10 million, so now by the summer of 2016, the pool should be ready to reopen, one year late and 65% over budget.
__________________
The only thing better then a glass of beer is tea with Ms McGill
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06-01-2016, 08:50 PM
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#124
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First Line Centre
Join Date: Aug 2009
Location: Calgary
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Quote:
Originally Posted by Derek Sutton
You Guys are not privy to the ****show down here in Lethbridge. We have the highest city taxes in AB. My property taxes have gone up over $1000 in the last seven years while the assessment is actually less then it was in 2009. This years total is just over $3800 up 3.5%.from 2015.
Municipal governments are a total disaster, ours in particular has two members, including the Mayor who are failed liberal candidates and another whose mother was a liberal MLA. Its no wonder they have no self control when it comes to spending. All they do is try to figure out who is going to pay for the promises they've made; guess what? us the tax payer, that's who. Our city council decided on a ($6.5 million) budget back in 2013? to upgrade an outdoor pool, well after the city began demolition, only one company submitted a tender and it came in at over $10 million, so now by the summer of 2016, the pool should be ready to reopen, one year late and 65% over budget.
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Wait till you get a giant blue ring for $470,000.
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06-01-2016, 09:13 PM
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#125
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damn onions
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Quote:
Originally Posted by Cecil Terwilliger
It kind of makes you wonder where the hell all the money goes. I feel tempted to say something about big corporations and those damn 1%ers because honestly I have no idea.
Everyone seems to have less money and everything seems to cost more. Even people who have jobs are getting smaller raises. The money isn't just disappearing into thin air, it must be going somewhere. I'd guess it is going into the pockets of the shareholders and executives at the companies that sell us the goods. Money isn't like that missing sock that just mysteriously goes missing in the dryer.
Ok CP, time for some violent upheaval so that we can remake society.
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This is simple economics. The fact of the matter is, whether people like to hear this or not, oil and gas companies employ a lot of people in Calgary, and they pay annual bonuses, stock and provide other benefits. When the price of oil crashes, the company selling 100 barrels a day feels that shock if it hasn't protected its' price. The company makes less money, so it lays people off, reduces wages, cuts raises and bonuses, distributes less stock and cuts benefits programs. All of these impacts in an act of survival affect the local economy. Local businesses see less business as a result, and the trickle down effect is real. Those businesses make less money, and less money is available for staff, people and the general economy. Disposable income falls. It is all related.
You want to know where the money went? It went to all the downstream consumers of energy that used to be paying over $100/bbl for Alberta oil, or equally importantly but never discussed- paying over $3/mcf for Alberta natural gas, who can now get oil for $50/bbl (or, $28/bbl in February) or just over $1 for natural gas. Those companies, consumers, manufacturers, governments who used to purchase this energy, are keeping that money that they otherwise would have paid to Albertan energy companies to produce and distribute that energy. More specifically, that money is in the United States.
Meanwhile, governments have in fact raised taxes in all of those areas already mentioned in this thread. So people, and I use this term as a general application of course, have a reducing pool of disposable income as a group but this shrinkage is compounded by the increasing tax burdens among this same group.
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06-01-2016, 10:16 PM
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#126
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That Crazy Guy at the Bus Stop
Join Date: Jun 2010
Location: Springfield Penitentiary
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Quote:
Originally Posted by CaptainCrunch
How about the add on that it goes into the governments pockets at multiple levels and they piss it away.
Its not all the evil corporate sector that's siphoning the money.
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Quote:
Originally Posted by Locke
Yeah, why shine the spotlight on private businesses and completely exclude wildly inefficient Government spending?
When the Government takes between a third to half of your income and the rest is disseminated amongst multiple businesses I think you look at the biggest chunk first.
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Quote:
Originally Posted by heep223
It's a combination of irresponsible government spending, corporations protecting their margins, a recession and inflation. Seems kind of silly to try and find a single reason to pin it on.
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Quote:
Originally Posted by stampsx2
Nice deflection attempt. Why don't we ask the healthcare managers that get 16 weeks of paid sick days.
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These are some angry responses to a post where I did nothing but pose a question and ponder how effective our local/provincial/national/global financial situation is.
Where did I say that government shouldn't be held accountable?
What exactly am I deflecting?
And re: mr coffee, I'm not talking right now. I'm talking big picture. I'd ask that question on a macro level at all times, boom or bust.
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06-02-2016, 08:58 AM
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#127
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Powerplay Quarterback
Join Date: Aug 2002
Location: Mayor of McKenzie Towne
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Here's what I'm seeing from my calculations:
Mill rate changes*:
City +4.8%
Province +11.3%
(combined 7.288%)
If you multiply your home's %-change in assessed value by the mill rate change you should see the total %-impact in your taxes (alternatively, if you take your change in taxes and divide by the mill rate %-change you'll find the change in your assessed value).
Therefore... if your taxes increased by more than 7.3% than your home's assessed value also increased.
* as these are mill rates, it doesn't necessarily mean that the city (province) only raised taxes by 4.8% (11.3%). eg. if the city also increased average assessments by 10% their effective increase would be ~5.3% (conversely if avg. assessments decreased by 10% the effective tax change would be 4.3%)
[Edit: I see here: http://globalnews.ca/news/2433990/20...-need-to-know/ that the average property assessment dropped 1% this year, so the average homeowner should expect to see a property tax increase of 7.22% (city +4.75%; prov. +11.2%)]
__________________
"Teach a man to reason, and he'll think for a lifetime"
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Last edited by firebug; 06-02-2016 at 09:16 AM.
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06-02-2016, 09:28 AM
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#128
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Lifetime Suspension
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Quote:
Originally Posted by Cecil Terwilliger
It kind of makes you wonder where the hell all the money goes. I feel tempted to say something about big corporations and those damn 1%ers because honestly I have no idea.
Everyone seems to have less money and everything seems to cost more. Even people who have jobs are getting smaller raises. The money isn't just disappearing into thin air, it must be going somewhere. I'd guess it is going into the pockets of the shareholders and executives at the companies that sell us the goods. Money isn't like that missing sock that just mysteriously goes missing in the dryer.
Ok CP, time for some violent upheaval so that we can remake society.
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Everyone has less money because the government is taking more, other than triple A beef, I am seeing tax and tax related increases only. There are many things that are now more affordable, A bunch of window replacement estimates i got this year are less then last year, beer is less at Costco.
Last edited by Flamenspiel; 06-02-2016 at 09:34 AM.
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06-02-2016, 10:53 AM
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#129
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Franchise Player
Join Date: Nov 2009
Location: Section 203
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Quote:
Originally Posted by Derek Sutton
You Guys are not privy to the ****show down here in Lethbridge. We have the highest city taxes in AB. My property taxes have gone up over $1000 in the last seven years while the assessment is actually less then it was in 2009. This years total is just over $3800 up 3.5%.from 2015.
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I'm not saying the assessed value has nothing to do with your property tax bill, but there is no correlation between your assessment value's change, and your property tax bill's change. Your assessed value can go up, and your amount owing can go down. This happens when the budgeted revenue goes down, new supply enters the market (e.g. 200 unit condo tower would bring 200 new property tax paying owners), and/or other areas of your city had their property increase at a greater rate than yours did.
In Vancouver there are plenty of people who are complaining that their assessed value went up astronomically, but they don't say that the amount they owed only went up a small amount. They could reduce every assessment in half, and everyone would still pay the same amount, as they'd just increase the mill rate. It's a pretty simple formula.
Your bill went from $2,800 to $3,850 in 7 years. Assuming straight line increases of $150 each year (or $12.50/month), your payments are going up an average of 4.66% each year. In that time the Lethbridge total mill rate has averaged an increase of 3.74%.
This is the same in almost every city.
__________________
My thanks equals mod team endorsement of your post.
Quote:
Originally Posted by Bingo
Jesus this site these days
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Quote:
Originally Posted by Barnet Flame
He just seemed like a very nice person. I loved Squiggy.
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Quote:
Originally Posted by dissentowner
I should probably stop posting at this point
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06-02-2016, 11:27 AM
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#130
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Franchise Player
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7% increase in my TIP payments so not too bad, pretty much right on average I guess. And we are still way cheaper than what my in laws pay in Regina, and they get poorer services. It sucks to see an increase each year but it sucks to hold the line with a zero increase and then git hit with a large one when it inevetibly catches up with us. I'm okay with small and steady bumps (2-4%) to keep pace with growth etc. And that is what we are getting here.
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06-02-2016, 07:44 PM
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#131
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Lifetime Suspension
Join Date: Nov 2011
Location: Stampede Grounds
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Municipalities are being left to hold the bag when it comes to paying for infrastructure and other public goods in Alberta .... that's why property taxes keep going up faster and faster.
While it might be tempting to join the crowds and blame the NDP for current tax increases ... but the real cause of the current rise in property taxes is years and years of PC policy that basically ignored funding infrastructure needs for the sake of an ideology of not raising taxes in this province ... even as Alberta's population skyrocketed and the need for more infrastructure was obvious ... it is municipalities that are facing the crunch now.
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06-02-2016, 08:42 PM
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#132
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Franchise Player
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Quote:
Originally Posted by habernac
the mayor and the council certainly have a hand in setting the amount of the hikes
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They have total control, but mayors don't. That was the point.
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06-02-2016, 09:13 PM
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#133
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Franchise Player
Join Date: Mar 2002
Location: South of Calgary North of 'Merica
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Quote:
Originally Posted by Derek Sutton
You Guys are not privy to the ****show down here in Lethbridge. We have the highest city taxes in AB. My property taxes have gone up over $1000 in the last seven years while the assessment is actually less then it was in 2009. This years total is just over $3800 up 3.5%.from 2015.
Municipal governments are a total disaster, ours in particular has two members, including the Mayor who are failed liberal candidates and another whose mother was a liberal MLA. Its no wonder they have no self control when it comes to spending. All they do is try to figure out who is going to pay for the promises they've made; guess what? us the tax payer, that's who. Our city council decided on a ($6.5 million) budget back in 2013? to upgrade an outdoor pool, well after the city began demolition, only one company submitted a tender and it came in at over $10 million, so now by the summer of 2016, the pool should be ready to reopen, one year late and 65% over budget.
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You missed the part about the extra 2.50 for every ft of street frontage if your property is over 10 years old, for road repairs that equate to a sidewalk grind down of high points and hot patch on potholes that will be back come winter.
But wait! the best is yet to come! At least they warned us that we would see an increase of 3.5% for the next 3 years and then announce that the city ran a surplus of 2 million dollars...
__________________
Thanks to Halifax Drunk for the sweet Avatar
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06-02-2016, 10:30 PM
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#134
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Franchise Player
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My property tax increase was luckily only about ~5%, but my home insurance has doubled in two years. I checked another company and they quoted me roughly the same yearly amount for similar coverage. What the hell is going on with that? I thought we had already had our "adjustment" after the flood.
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06-02-2016, 10:33 PM
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#135
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damn onions
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Home insurance is kind of the one area I'd expect / understand rates to be going up though. Probably too soon for the fire stuff I guess, but for sure clearly there's been a renewed look at the risk profile for home insurance.
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06-03-2016, 08:08 AM
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#136
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Powerplay Quarterback
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When do the TIPP payments change? I'm out of town right now so I ant see my new bill, but my June 1 TIPP payment was the same as last month.
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06-03-2016, 08:09 AM
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#137
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Playboy Mansion Poolboy
Join Date: Apr 2004
Location: Close enough to make a beer run during a TV timeout
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Mine says the payment will change as of July 1st.
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06-03-2016, 11:49 AM
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#138
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First Line Centre
Join Date: Aug 2009
Location: Calgary
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Quote:
Originally Posted by squiggs96
In Vancouver there are plenty of people who are complaining that their assessed value went up astronomically, but they don't say that the amount they owed only went up a small amount. They could reduce every assessment in half, and everyone would still pay the same amount, as they'd just increase the mill rate. It's a pretty simple formula.
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That got me thinking. Why do we pay property taxes based on the full value of our property when in most of our cases the banks still own a percentage of the house. Shouldn't the banks be the ones paying part of the property tax?
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06-03-2016, 11:53 AM
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#139
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#1 Goaltender
Join Date: Feb 2012
Location: Calgary
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Quote:
Originally Posted by stampsx2
That got me thinking. Why do we pay property taxes based on the full value of our property when in most of our cases the banks still own a percentage of the house. Shouldn't the banks be the ones paying part of the property tax?
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Green text?
__________________
From HFBoard oiler fan, in analyzing MacT's management:
O.K. there has been a lot of talk on whether or not MacTavish has actually done a good job for us, most fans on this board are very basic in their analysis and I feel would change their opinion entirely if the team was successful.
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06-03-2016, 12:01 PM
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#140
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Could Care Less
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Quote:
Originally Posted by stampsx2
That got me thinking. Why do we pay property taxes based on the full value of our property when in most of our cases the banks still own a percentage of the house. Shouldn't the banks be the ones paying part of the property tax?
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You own your home. You took out a secured loan to buy it.
The bank has a claim on their share of the value of the property, in the case that you default on your loan with them, as per the agreement you signed.
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