Comment 31927

By A Smith (anonymous) | Posted June 19, 2009 at 14:27:47

nobrainer >> Tax rates in Hamilton have been moving down for years

Incorrect. Since 2006, tax rates have actually been creeping back up. As for new investment, look around the city, there has been lots of development since rates have been reduced. Just because you don't like big box stores and greenfield development, means nothing.

As for there not being any new assessment growth, according to the 2009 budget, the total property tax levy will be $649,061,131.00. In 2008 it was $624,245,604.00. That's an increase of 3.98%. When you consider that all property tax rates in Hamilton are being lowered from 2008 levels, where do you come up with the idea that assessment growth isn't happening? Show me the numbers, I would love to see them.

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