js97
Senior Member
I got that number by looking at the change in total taken in property taxes from 2004 to 2010:
2004 - $2.915B
2010 - $3.534B
That gives a 21% increase in property taxes during that period. That compares to a 24% increase in home values during that time, which is why the mill rate is actually falling. If property taxes were charged as a fixed percentage, like income taxes and the GST, the Miller era would have seen budget surpluses each year.
You forget Garbage Tax
increased in utilities 30%
Land Transfer tax
car registration tax
increase in Street parking permits
pet tax
and it's not like all of a sudden, we are in excellent financial shape! - we are in worst shape than we started doubling our debt!
your reasoning is completely flawed... for the sake of spin...
and let's not forget... that 24% increase in property values has been called a 'bubble' phenomenom with potential of 'bursting'..
So what you are saying is that the government can bring our property taxes in-line with our 'booming' (some have called it out of hand) real estate market...
perhaps we can hit that bulbble the same time home prices burst too!
p.s. only government salaries and our dear Councillors have increased the same amount during that time (salaries increases (20%+).
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