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‘Bleak a report as one can get,’ regional Coun. Rob Deutschmann says of a projected 2024 budget with a 10 per cent tax hike (www.therecord.com)

submitted 1 year ago by [email protected] to c/[email protected]

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[–] Tgnome 3 points 1 year ago

If they made property taxes proportional to income this wouldn't be that much of a problem for most people. Currently lower income families spend 10% of their income on property taxes and higher income families spend 2%. Raising property taxes without fixing that is not good. I'm not an economist so I don't know the best way to do it but I'm sure someone could figure it out.

Source for my numbers: https://www150.statcan.gc.ca/n1/pub/75-001-x/10305/7796-eng.pdf