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By A Smith (anonymous) | Posted October 24, 2010 at 16:26:45
Jason >> I don't care what your political leaning is or what your preferred method of economic development is. The fact that Hamilton had more commercial/industrial growth than Mississuaga and Brampton combined is fantastic news.
Hamilton 2008 Tax Rates
Residential - 1.6459%
Commercial - 4.5730%
Industrial - 6.4402%
2009
R - 1.5876% , 0.9645 of 2008
C - 4.3239% , 0.9455 of 2008
I - 6.1243% , 0.9509 of 2008
Mississauga 2008 Tax Rates
R - 1.0348%
C - 2.6406%
I - 2.9882%
2009
R - 1.0176% , 0.9834 of 2008
C - 2.5185% , 0.9537 of 2008
I - 2.8839% , 0.9651 of 2008
As you can see, from 2008 to 2009, Hamilton cut tax rates on each dollar of property investment more than Mississauga. The result? More investment. Big surprise. When the city taxes investment less, it actually gets more. And to think, all of this without LRT or a Pan Am stadium. Just tax cuts.
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