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Old Posted Dec 22, 2010, 7:01 PM
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fusili fusili is offline
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Quote:
Originally Posted by Wentworth View Post
If this suburban subsidy was really true, then you'd see a huge difference in the property tax rate in Airdrie (where there is no inner city that is subsidizing taxes) as compared with Calgary. But the rates are more or less identical, 0.0058734 for Calgary and 0.00609469 for Airdrie. That amounts to about $90 difference on a $390,000 home. Considering homes are cheaper in Airdrie, you'd probably end up spending less on taxes by moving there.

Airdrie rates

Calgary Rates

As for the market value tax system, cities use this system because they get more taxes that way as opposed to a flat tax system where they'd have to work with the lowest common denominator in terms of what people could afford to pay.
Or we could work out an income tax transfer from the province and scap the whole property tax thing altogether.
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