Property tax assessment windfall should lead to lower tax rates
david476.substack.com
I sympathize with municipal governments. They are almost totally reliant on property tax revenue and sometimes on transfers from the provincial government to fund services and invest in infrastructure but, in most cases, when there is a windfall increase in property tax assessment, it should lead to municipalities lowering tax rates. I’m not suggesting this is universal - there may be some municipalities that are struggling to offer good quality services.
Property tax assessment windfall should lead to lower tax rates
Property tax assessment windfall should lead…
Property tax assessment windfall should lead to lower tax rates
I sympathize with municipal governments. They are almost totally reliant on property tax revenue and sometimes on transfers from the provincial government to fund services and invest in infrastructure but, in most cases, when there is a windfall increase in property tax assessment, it should lead to municipalities lowering tax rates. I’m not suggesting this is universal - there may be some municipalities that are struggling to offer good quality services.