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Municipal Property Taxes


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#981 Victoria Watcher

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Posted 04 October 2024 - 12:12 PM

Imagine being a wealthy individual able to buy an expensive second or third or seasonal home in BC. You are almost zero burden on social services.

You happily pay property taxes.

Then the government says they are going to take an extra 1% of its value each year to spend on safe supply drugs.

Edited by Victoria Watcher, 04 October 2024 - 12:13 PM.

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#982 lanforod

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Posted 04 October 2024 - 12:14 PM

Exactly. Why would you? Instead, go buy a nice 2nd+ property in most other places in the world.


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#983 Mike K.

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Posted 04 October 2024 - 12:15 PM

Hardly anyone pays this tax anyway, the premier says, but it’s going to fund more government rentals?

How many rentals, exactly? 100? 500? 1,000?

At $400k per government unit, 100 units is $40 million. Is a $40 million tax ‘small?’
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#984 Matt R.

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Posted 04 October 2024 - 12:16 PM

Yes that would be small to government.
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#985 Mike K.

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Posted 04 October 2024 - 12:32 PM

So’s 100 units.

So what is the point of this? It looks to me like it’s just marketing. But meanwhile, the tax has increased by 100%.
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#986 Victoria Watcher

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Posted 04 October 2024 - 12:36 PM

None of this nonsense makes any sense.

It’s communism. Just like Chip Wilson says. On his sign.

Edited by Victoria Watcher, 04 October 2024 - 12:37 PM.

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#987 Mike K.

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Posted 04 October 2024 - 12:38 PM

We have doubled the tax nobody pays that creates rental housing we cannot describe because the tax doesn’t generate any revenue for us to build this housing, but we’re working hard, for you, to build you housing.

Sound about right?
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#988 Matt R.

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Posted 04 October 2024 - 02:35 PM

Certainly some of us are working hard to cover the ever increasing tax burden. :)


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#989 Barrister

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Posted 04 October 2024 - 03:46 PM

And many of us have moved assets outside the country.


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#990 Mike K.

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Posted 04 October 2024 - 05:34 PM

High ranking politicians definitely have!

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#991 Victoria Watcher

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Posted 25 October 2024 - 03:18 AM

Victoria's draft budget has 12.17% tax hike; councillors looking for ways to cut

Early proposal for Victoria has $365.6 million operating budget and $94.6 million capital budget.


https://www.timescol...-to-cut-9709081


City deputy manager and chief financial officer Susanne Thompson said the fact is the scale and cost of proposed capital investments is significantly higher than in recent years due to increased costs for everything and climate change having a more severe impact on infrastructure than anticipated.





Oh boy. Specifically what is climate change doing to our infrastructure?

Edited by Victoria Watcher, 25 October 2024 - 03:22 AM.

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#992 Barrister

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Posted 25 October 2024 - 06:47 AM

The city is hoping Trump gets in so that they can blame him.



#993 Mike K.

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Posted 25 October 2024 - 07:19 AM

I'm seeing 12.77%, not 12.17%.

 

https://pub-victoria...ocumentId=99579


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#994 lanforod

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Posted 25 October 2024 - 07:36 AM



Oh boy. Specifically what is climate change doing to our infrastructure?

 

That's a good question. It's not like the CoV is having to build seawalls to hold back the ocean. Heavy rain events are not new. Forest fires are not a CoV issue. What's causing extra costs that can be attributed to climate change (even arguably?).



#995 Ismo07

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Posted 25 October 2024 - 07:40 AM

That's a good question. It's not like the CoV is having to build seawalls to hold back the ocean. Heavy rain events are not new. Forest fires are not a CoV issue. What's causing extra costs that can be attributed to climate change (even arguably?).

 

Physical Risks

Climate change is also having an impact on the way construction companies design and build new structures. The increasing number and severity of weather events such as tornadoes and hurricanes, as well as chronic issues such as sea level rise, flooding, and wildfires, are disrupting supply chains, increasing the cost of building materials, and making it more difficult to complete construction projects on time.



#996 lanforod

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Posted 25 October 2024 - 07:42 AM

Very arguable. But ok. There are far bigger factors affecting supply chains. Work on those.



#997 Ismo07

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Posted 25 October 2024 - 07:47 AM

Very arguable. But ok. There are far bigger factors affecting supply chains. Work on those.

 

If the construction companies and suppliers are both saying this is why costs are increasing, there isn't much to argue unless another source says it's no longer a factor.



#998 lanforod

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Posted 25 October 2024 - 07:52 AM

If the construction companies and suppliers are both saying this is why costs are increasing, there isn't much to argue unless another source says it's no longer a factor.

 

Are they though? I'm sure they are saying supply chain delays/issues are causing costs to increase. I won't even argue that. 

Are they saying the supply chain issues are primarily caused by climate change? Really? I think they are far more caused by geo-political issues and events like Covid. I suspect most aren't saying why the supply chains are affected at all. It's just the CoV grabbing at straws that are popular to CoV council voting base.


Edited by lanforod, 25 October 2024 - 07:53 AM.


#999 dasmo

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Posted 25 October 2024 - 08:00 AM

Victoria's draft budget has 12.17% tax hike; councillors looking for ways to cut

Early proposal for Victoria has $365.6 million operating budget and $94.6 million capital budget.


https://www.timescol...-to-cut-9709081


City deputy manager and chief financial officer Susanne Thompson said the fact is the scale and cost of proposed capital investments is significantly higher than in recent years due to increased costs for everything and climate change having a more severe impact on infrastructure than anticipated.





Oh boy. Specifically what is climate change doing to our infrastructure?


Their spending on misting stations, reports, conferences, more reports, new logos, brochures and other items of propaganda is expensive….

#1000 Ismo07

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Posted 25 October 2024 - 08:06 AM

Are they though? I'm sure they are saying supply chain delays/issues are causing costs to increase. I won't even argue that. 

Are they saying the supply chain issues are primarily caused by climate change? Really? I think they are far more caused by geo-political issues and events like Covid. I suspect most aren't saying why the supply chains are affected at all. It's just the CoV grabbing at straws that are popular to CoV council voting base.

 

It's projected costs of projects?  It's not like the over budgets a capital project just to increase taxes?  

 

 

Their spending on misting stations, reports, conferences, more reports, new logos, brochures and other items of propaganda is expensive….

 

That's inexpensive stuff, while I agree with death by a thousand cuts, that's not where the big bucks and adds come from.



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