zhamid wrote:
The problem is that if this wasn't a recession and property assessments were rising then tax rate would not change. The dollar amount you pay would automatically go up because your property assessment went up. End result for you and me would be same, except the Council would get to come out and say "look, we did 0% tax increase" even though they would've increased expenses just as much.
Where did you get that information?
For our old Milton property, the assessed value was reset on Jan 1, 2008 with phased in assessments predetermined through 2012. Btw, the assessed value of the property increased over 25% between Jan 1, 2005 vs. Jan 1, 2008, and they have not lowered it since the recession hit.
So property assessments ARE rising, and we're still looking at big town tax hikes. It's not a huge deal to me financially ... personally we'll be just fine, lol ... but in principal the willingness to tax vs. save drives me nuts.
Besides, the whole point about assessed value should be moot anyway as property tax experts always seem to insist that it's the mill rate that matters and not the assessed value. (though while i buy that in theory, i'm not sure whether i quite believe it in practice
).
Bottom line, I just wish more councillors were like Colin; willing to do the harder work of holding expenses in check and giving the taxpayers a break. But for many of them it's just too easy to simply raise taxes and call it a day.
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