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Letter: Tax burden too much to bear

Dear Editor, Re: Property tax to rise 3%, not everyone pays more, News Dec. 9. Let’s not compare apples to oranges.
Taxes
One flat tax rate is applied to all residential properties and taxes are based on property values. If your property rises in value above the average rate, you will pay a greater portion of taxes. Conversely, you will pay a less proportional amount of taxes if the change in your land value is below the average rate of change.

Dear Editor,

Re: Property tax to rise 3%, not everyone pays more, News Dec. 9.

Let’s not compare apples to oranges.

Strata property owners might not see a significant increase in taxes this year, but the owners of “older” detached homes in West Richmond certainly will. And that is simply wrong.

For 2017, I will lose $575 in the government grant and an additional senior supplement of $275 while my basic unit tax will rise by three per cent.

That’s a lot of money!

And all of this because I own a 1,500 square-foot home built in 1960 that some non-resident investor wants for himself (to tear down, no less).

Last year, my taxes went up by $500, and that wasn’t enough.

This is where I live. I like it here. My kids and grandkids like it here.

The fact that my assessment has seen an increase of $800,000 in less than two years is only to justify a money grab by Richmond and the province.

That very assessment serves as notice by our own elected representatives that I should pack up and leave. (Even my new hefty tax bill will not save the school up the street.)

Are we sure this is what we want as a community?

Jim Lanning

Richmond