Comment 29999

By arienc (registered) | Posted April 07, 2009 at 14:40:39

A Smith may be interested in this assessment from the Association of Municipalities of Ontario (AMO).

http://www.mah.gov.on.ca/AssetFactory.as...

Hamilton's property tax rate vs. median income (4.2%) actually compares fairly well to most nearby communities. (Toronto: 2.9%, Oshawa 4.5%, Oakville: 3.9%, Milton: 4.4%, Burlington: 3.3%, Mississauga: 3.3%, Brampton 4.4%, Vaughan: 5.1%, Richmond Hill: 5.1%).

Which leads me to conclude that the level of residential property taxation isn't really A Smith's primary issue...it's actually the level of property values in the city, by which Hamilton sorely lags all of the above. Which are highly influenced by the livability and desirability of the community.

Real estate is based on 3 tenets: Location, Location, Location. Location is determined largely by having public assets, in good condition, conveniently placed to benefit a property owner.

"First they built the road, then they built the town. That's why we're still driving around and around, and all we see. Are kids in buses. Longing to be free." - Wasted Hours, The Arcade Fire

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