Property-owners (including home-owners) of Canadian Provinces are aroused each fiscal-Year, by the
inequity of their Local Administration invoices for supplying year-round public services.
Inequity arises inevitably from the unjustified (but common)
practice) of evaluating buildings at contempory replacement-cost, which thereby
reduces the value of land around them.
The direct effect is unjustified reduction of the recorded econonomic increase of local community
growth on land-values under & around buildings (best & most accurately measured by
situation-value of each individual land-area owned.
<(Economic inequity is engendered by taxing the building
at its replacement value - because it is subject to industrial competition - while the
land where the building stands is appraised as if vacant - thereby nulifying
tthe value generated by economic
activity of the surrounding local community.
This crucial, but widely ignored, economic effect has
been confirmed by the on-site investigations
conducted separately by the Federal and three Provincial
Governments,each recommending
progressive transfer of taxes off buildings onto the market-
priced location-value of the land under them.
Until this is authorised, property-owners will continue to
suffer the inequity of the following long-existing counterproductive
mssmanagement devices:
- Property classification - according to USE
- DIFFERENTIAL RATES-such as: Residential - Non-Residential. (Unfair shift of tax burden when one
class changes more than the other)
- Privileged TAX EXEMPTIONS
---Must be minimal & only by high-level approval & review.
- (About a quarter of City of Montréal is tax-exempt)
- Privileged PHASE-INS
- Privileged:REBATES
- TAX PENALTIES
---for renovations & improvements. (Irrational & counterproductive).
- TAX CAPPING
- Tax-Roll
FREEZING
-Notably the worst of all political
interventions.
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