Vancouver's residential tax rate should be higher
Posted: Tue Dec 05, 2017 11:57 am
I believe that in most countries the prime residential tax should be just appropriate to support local education, government and etc. I think that the Vancouver residential tax rate is way too low.
It has been the lowest in Canada for years. How low?
The Vancouver residential tax rate is $3.68 per $1,000 of value.
The Canadian average residential tax rate is $9.51 per $1,000 of value.
Politicians say that the city is able to charge lower tax rate largely because it has the highest residential property values in the country.
But; could one of the reasons why property value skyrocketed in the past decade be the low tax?
It is already kind of late to take actions because for most owning a house in one of the most expensive cities in the world is not a right as a Canadian.
But better late than never!
Do you find that the Low property taxes in Vancouver favor the rich?
It has been the lowest in Canada for years. How low?
The Vancouver residential tax rate is $3.68 per $1,000 of value.
The Canadian average residential tax rate is $9.51 per $1,000 of value.
Politicians say that the city is able to charge lower tax rate largely because it has the highest residential property values in the country.
But; could one of the reasons why property value skyrocketed in the past decade be the low tax?
It is already kind of late to take actions because for most owning a house in one of the most expensive cities in the world is not a right as a Canadian.
But better late than never!
Do you find that the Low property taxes in Vancouver favor the rich?