09-21-2015, 02:41 PM
(09-21-2015, 02:14 PM)nms Wrote: And even though politicians may want taxes to go down and may even shift the tax rate downward, if all the increased development puts pressure on land prices to go up, then the dollar value of your property taxes will go up anyway.
The presumption there is that you have land associated with your property. If your property is building-only, and depreciates, maybe tax rates could be reduced such that your property tax goes down.
Probably the Region of Waterloo is not doing enough densification to have a big enough impact. Yes, if more (for instance) water users are brought online without the need for (much) new water infrastructure, rates might fall. But that's not what is happening: some new users are brought into the system in dense areas who do not need new infrastructure. But, at least for the time being, they are still called upon to pay for new infrastructure in developments in green lands with forty foot lots...