Dear Editor: Should property taxes continue to be assessed by the current system which is tied to continually rising real estate values?
The Municipal Assessment Agency values property according to the current real estate market. Then municipalities set their mill rate.
The agency says it does not set tax rates. Municipalities say they do not set property values, they only control the mill rate. Quite true, but what a great system for passing the buck back and forth.
Consider this: a new roof puts your property taxes up. Installing energy efficient windows puts your property tax up.
This is basic home maintenance and you will be paying more for it for as long as you live in that house.
But do our pensions go up commensurately? No way. So, dear fellow pensioners, how much will your property taxes rise in 15 or 20 years? Property tax increases will rise with the real estate market ad infinitum.
Perhaps it is time to make it a political issue at the provincial level that government should revise this property tax assessment system entirely, or abolished it in favour of either a flat-rate property tax, or some other, fairer income related municipal tax. This is a complex matter that needs to be discussed at the provincial government level and municipal levels and made a provincial election issue.
Angela Baker, Corner Brook