The owners of this $28 South Surrey mansion would pay $5 in school taxes under the NDP’s new proposal.
The increased school tax would increase taxes paid on a $4 million property by $800,000 but an inability to pay does not mean homeowners are immediately kicked out of their homes.
School taxes can be deferred by those over 55, surviving spouses and people with disabilities.
But Cummings said that using your home “as a bank machine” is “not something that most sensible people do not do, it’s a bad thing.”
Thanks for all the clarity, Black Press.
Edited by VicHockeyFan, 01 May 2018 - 09:42 AM.