| | SensibleFarmer said "Again it all depends on your own assessment. Every time a building permit is issued for home remodeling, your assessment changes.
When a school division sets its mill rate, the mill rate is applied to the proportioned assessment equally across the whole division. Where there are multiple municipalities the mill rate is still the same for everyone.
So the variance (either increase or decrease) depends on your assessment.
Also for municipal taxes- every street may be different depending on if there were any "local improvements."
Your education property tax credit also depends on your assessment. The higher your assessment the higher your eptc to a maximum of $700.00. So it varies home to home.
As far as taking Education tax off property-highly unlikely. The government would have to come up with approx. 800 million to cover off what school divisions raise province wide. Every province from Quebec to BC funds a portion of education from property taxes. " |
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Do understand what your saying, but there are inconsistencies all over the city. My taxes went up last year, but like most on my street the difference in augmention favored the school board by 2.3%. Most of my neighbors were in that same 2.3-2.5% favoring the board. However, some had differences of 4.5% favoring the school board. None of these properties went through renovations or improvements so a little strange to me.
One street over, one house saw it's taxes go down, this time the city saw the biggest decrease, about 6.7% more than the school boards decrease. The kicker is that the direct neighbors house saw an increase in the school division taxes while the city taxes decreased. So If it were my house I'd be asking the city for an explanation when my increase/decrease is not in line with my neighborhood. I think there's some reason to question the discrepancies.