City Again Tries To Sell Us Low Taxes
By Ben Meisner
Here we go again. The City of Prince George is once again bent on trying to tell us that we have the lowest taxes compared to six other cities in the province. The pitch is the same every year and its just like what we always experience, a lot of snow.
The only possible way to compare our taxes to other centers is in what we pay per $1,000 of assessment.
Here is the cost per $1,000 using the City’s
Community | General taxes | Home Value 2007 | Taxes per $1,000 assessment |
Prince George | $1329.00 | $166,404 | $8.00 |
Kamloops | $1462.00 | $248,000 | $5.89 |
Langley | $1262.00 | $433,000 | $2.91 |
Kelowna | $1373.00 | $387,000 | $3.54 |
Nanaimo | $1464.00 | $295,000 | $4.96 |
Victoria | $1684.00 | $479,000 | $3.51 |
North Van | $1884.00 | $738,000 | $2.55 |
If you built a home in Prince George, Kamloops, Kelowna, Langley or Nanaimo in 2007 you would pay an average price of $70-$100,000 for the lot, and $160 dollars per sq ft to build. That means the price of a home in all of these centers is the very close to being the same. When you obtain a building permit, it is for the amount of the home you are building in all of these cities and not the average price of a home that forms the basis for your assessment and tax.
If you built a home in Prince George in 2007 or earlier , the same size as the compared communities , you would pay on the assessed value , which by the way is established by BC assessment over the entire province. All of the other cities use the same system.
In simple terms If you have a home and property assessed at $200,000 dollars in Prince George you will pay municipal taxes of $1,600.00, in Kamloops $1,178.00 , Langley $582.00, Kelowna $708.00 , Nanaimo , $992.00 Victoria , $702.00 and North Vancouver $ 510.00
Put even more simply, if you bought a serviced lot in any of the seven cities Prince George has used for a comparison , at exactly the same price , would the municipal Taxes be less? The answer to that question is obvious.
How you can make a comparison in taxes between North Vancouver with an average sized home of just under 2700 Sq Ft. and Prince George with 1250 Sq Ft to come up with a comparable tax is the best use of spin the city is able to produce.
If you take the time to compare the municipal tax cost for the City Of Prince George compared to surrounding cities like, Terrace, Ft St John, Dawson Creek, Quesnel and Williams Lake you will find that again we pay some of the highest taxes for municipal services .
If the city wants to make comparisons, let’s hope in the future they use a $1,000 cost per thousand instead of spinning us a tail every single year. The truth of the matter is that we pay some of the highest taxes in the province . Instead of spinning misleading figures, lets hear what the money is being used for , and how we are getting value for it.
I’m Meisner and that’s one man’s opinion
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Perhaps a comparison of our debt compared to the other cities mentioned above would be of interest.