Comment 28505

By A Smith (anonymous) | Posted February 07, 2009 at 11:39:50

Grassroots, >> A question for you, you can go on about tax rates but is not the assessed value of the property which drives the amount one pays?

Yes, it is the combination of property values and the tax rate. However, on a dollar for dollar basis, Hamilton taxes property owners almost twice as much as Toronto and much more than most of the GTA. The rationale of course is that it needs to have higher rates, because of Hamilton's lower property values. This of course is ridiculous, because it assumes that property values are static and would not increase if we gave people a better deal on their investment.

If we want to make Hamilton a great place for people to live, cut the property tax rate, allow people to keep and spend more of their money (rather than politicians) and people will flock here.

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