30 September 2008

Give it to me...

...one more time...

Homeowners in the GTA are about to get kicked in the assessment.

The Municipal Property Assessment Corp. is in the process of mailing out 4.7 million notices across Ontario that show an average increase in home values of 20%.
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5 comments:

Dave Hodson said...

That 20% figure doesn't sound too unreasonable. Property values were last assessed with a Jan 1/2005 valuation date, so I would expect that the average value likely has gone up about 20% over that time period?

But it's not like that means a 20% tax increase--that would really suck! Maybe I've just been lucky, but I recall in 2005, my assessment value went up pretty close to the town average, and my tax increase that year was still in line with the average tax increase for the town. Of course that doesn't mean I liked how much the taxes increased (I didn't), but I don't fault the market revaluation for it. I fault our spend-happy town council.

Personally, I think property taxes, next to land transfer taxes, are about the worst, most regressive taxes we have in this land of overtaxation known as Canada. The value of my property has absolutely nothing to do with my share of consuming local services or resources, nor is there necessarily any correlation between the value of my house and my ability to pay the %$##$% tax!

Neo Conservative said...

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hey, dave... have you paid your special "super dave miller" vehicle tax yet?

i forget... how much is that one?

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Dave Hodson said...

neo, I don't have to pay that one, or any of Mayor Miller's creative pirate tricks. Fortunately, I don't live in Toronto. I'm in Newmarket, which means it's not quite the end of the world, but I can see it from here!

Neo Conservative said...

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good thing, huh... that one was really rubbin' salt in the wound.

frankly though... i'm still waiting to hear about super dave's "hogtown handgun" tax... i figure something like $10,000 per gun.

dalton with his ohip levy... steffi with his carbon tax... i tell ya... it's comin'.

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Anonymous said...

Mayor Miller has a lot of little quasi-governmental 'social' agencies to pay off, they work on his re-election campaign every day, so he has to take the people's money.