The Decline of Vancouver.

I don't agree with people complaining about their property taxes… Like their property goes up in value by $400k in one year and they complain that they have to pay another few thousand dollars in property taxes. Step back and think about that for a second - someone's net worth just went up $400k in 12 months and they gotta pay (say an extra $4k of property taxes) - they are still up $396k!! I just made those numbers up, but you get what I'm saying.

I do understand that its more of a cashflow issue than anything though - so people should have the option to defer but they should still be charged interest on the amount deferred.

You guys need to look up how property taxes are calculated.

Just because a house goes up 400k doesn't mean you pay taxes directly proportional to that increase.

If the whole neighborhood goes up roughly the same percentage than you're taxes will stay the same (unless the municipality changes the rate then every ones taxes will go up).

http://jaybanks.ca/real-estate/greater-vancouver-property-tax-calculator/
First calculator that I quickly found on google.

You guys need to look up how property taxes are calculated.

Just because a house goes up 400k doesn't mean you pay taxes directly proportional to that increase.

If the whole neighborhood goes up roughly the same percentage than you're taxes will stay the same (unless the municipality changes the rate then every ones taxes will go up).

http://jaybanks.ca/real-estate/greater-vancouver-property-tax-calculator/
First calculator that I quickly found on google.

Are property taxes not calculated as a % of assessed value? I know my example isn't technically worded right, but there is a correlation between assessed value and property tax paid, right? Or are you saying they have a total amount of taxes to raise per neighborhood and they divide it up proportionally based on assessed value? Couldn't figure it out exactly how is it calculated based on the link.

If you put a 10,000 square foot addition onto your 700 square foot home, your taxes are going to go up significantly.

If you don't do anything to your house, it doesn't matter what the street value is assuming everything else in your neighborhood did the same.

…they have a total amount of taxes to raise per neighborhood and they divide it up proportionally based on assessed value?.

Basically. The rate per $ of assessment changes year to year.

Basically. The rate per $ of assessment changes year to year.

It does, I think it is call the mill rate. That is a rate that is multiplied in some format against the $$$ value of your home and other things.

I have been in my little house in Vancouver for over 15 years. It's a basic little place that has appreciated strictly on land value. Last year I lost my basic home owners grant and saw the taxes rise beyond that loss of the grant. I think it was close to $1000 increase in taxes. Did I get any new services, hell no. The calculation method is flawed.

For example if on my standard lot I have a 3 bdr 1 bath house that is worth $1M, my taxes should be based on lot size, sq ft of house, # bedrooms and baths. Now if I happen so have very expensive tastes and my 3 bdr, 1 bathroom house is finished with top end everything and is worth $1.5m why should I pay more in taxes (this is not my scenario as my house is very basic).

Now if you tear down that 3 bdr, 1 bath house and put up a larger 6 bdr, 4 bathroom house with a lane-way house then of course your taxes should be going up.

It is time that governments of all sorts figured out the BS with constant 4 or 5% increases or even larger yearly increases. At some point the masses will revolt.

Are property taxes not calculated as a % of assessed value?

City decides to bring in X dollars in property taxes for the year. They assess the "value of all properties", then divide each individual "property value" into the total value. That gives a percentage of the X dollars that the property has to pay.

(PropertyValue / ValueOfAllProperties) * X

So if you're property value goes up the same percentage as everyone else's, then an increase should only occur if the city increases the total amount it wants to bring in. Note that if house values go up 10%, but condos only 5%, then the taxes on the house could increase and the condo decrease.

This is a generic explanation. There could be added provincial or federal taxes/levies.

Google "mill rate Vancouver".

Did I get any new services, hell no.

Don't complain … you get to fund the measures to fight the fentanyl crisis on the DTES. That's a new service. ;)

Don't complain … you get to fund the measures to fight the fentanyl crisis on the DTES. That's a new service. ;)

This chaps my ass. It's up to the feds to squash the import of that shit if they can't they should fund cleaning up the mess.
And the province could have been way more proactive. Pill presses come to mind.
Sure, it's still my tax $ but, diluted.

This chaps my ass. It's up to the feds to squash the import of that shit if they can't they should fund cleaning up the mess.
And the province could have been way more proactive. Pill presses come to mind.
Sure, it's still my tax $ but, diluted.

The way to fix the problem is to legalize all drugs. Who the fuck would want Fentynal when they can get pharma grade ecstasy?

Spend our tax money on education and treatment instead of policing and incarceration. The former is effective, the latter is not.

Proof?

http://www.drugwarfacts.org/cms/Netherlands_v_US#sthash.VTDgiAJg.dpbs

https://mic.com/articles/110344/14-years-after-portugal-decriminalized-all-drugs-here-s-what-s-happening#.PhkLyBO8f

The way to fix the problem is to legalize all drugs. Who the fuck would want Fentynal when they can get pharma grade ecstasy?

The peeps dying and over taxing the inner city's resources are heroin addicts. They're not interested in ecstasy.
The $ ain't gonna' help the suburban kids killed by poisoned product, whatever it is.
Those are the preventables interdiction at the border could impact.

the way to fix the problem is to change the way society looks at addiction.

ratpark

The peeps dying and over taxing the inner city's resources are heroin addicts. They're not interested in ecstasy.
The $ ain't gonna' help the suburban kids killed by poisoned product, whatever it is.
Those are the preventables interdiction at the border could impact.

It is the drugs being illegal that makes them poisoned.

How is intercepting drugs at the border working out globally so far? Throwing more money at the problem has never worked. It needs to be looked at completely differently.

the way to fix the problem is to change the way society looks at addiction.

ratpark

Exactly. Society looks at users as criminals. They are less inclined to seek help when they are criminalized. There's more wrong with society than just drugs being illegal, but the easiest first step is to stop what is not working (prohibition), and transition to what is working better elsewhere (spending money previously used in enforcement on education and treatment). Otherwise they are just continuing to bang their head against a wall with similar results.

Speaking of Rat Park… https://www.youtube.com/watch?v=ao8L-0nSYzg

And another by the same content producer that is well worthy of a watch
https://www.youtube.com/watch?v=wJUXLqNHCaI "You can't win this war on the supply side"

http://www.cbc.ca/news/canada/british-columbia/vancouver-homeowners-owe-36-8-million-in-property-taxes-1.3904380

Artical on the deffered property tax

http://www.theglobeandmail.com/news/world/chinese-scrutiny-of-money-movers-could-slow-canadian-property-sales/article33485996/?cmpid=PM0117

the chinese gov are trying