Tag Archives: Property Values

Do Increased Property Values in Winnipeg Necessarily Mean Increased Tax Levels ?

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                   Do clothes make the man , or in this case do property values in the City of Winnipeg necessarily result in increased taxes ?
It all depends who you talk to you in essence , and what perspective they have and books or magazines they read. 

Housing assessment appeal deadline nears – Winnipeg Free Press – But a higher assessment for your property does not necessarily mean you will pay more property taxes in 2010. Your relative share of the tax pie will only increase if the increase in value of your home exceeded the 2003-to-2008 average. …

Appealing Business Personal Property Tax Assessments in Texas … – Collecting more taxes than is needed is legalized robbery. These text of wisdom, uttered by the 13th chair of the United States, theologist Coolidge, ease anulus genuine in today’s gild for homeowners and playing owners.

                    This year it is estimated that the City of Winnipeg Clerk’s Department

will fully see at least 8500 appeals for it to review and assess.  Each review can be timestaking as well as delicate in its own manner.  Yes ? No ?  Does she or does she not are essentially the question in a manner of speaking.  On top of that it can be said that Canadians overall a rather passive lot – who in a similar vein to the British who are said to like to stand in line and Que , that Canadians just love to pay taxes.

                  Yet  when one considers that if 8500 homeowners are taking the time to file , and that it is not only a question of one person or occupant per house  ( residential rather than commercial property appeal cases) , but rather a family occupying the house , then the apparent number of people involved in these appeals rise.

                   This is just the tip of the iceberg when it comes to property tax assessment appeals in the City of Winnipeg

Housing assessment appeal deadline nears – Winnipeg Free Press – But a higher assessment for your property does not necessarily mean you will pay more property taxes in 2010. Your relative share of the tax pie will only increase if the increase in value of your home exceeded the 2003-to-2008 average. …

Appealing Business Personal Property Tax Assessments in Texas … – Collecting more taxes than is needed is legalized robbery. These text of wisdom, uttered by the 13th chair of the United States, theologist Coolidge, ease anulus genuine in today’s gild for homeowners and playing owners.

 

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Manitoba "Land Transfer Taxes"

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The late President Ronald Reagan had a classic statement that nothing was more permanent than a government department.  The same can be more than said concerning taxes – especially taxes and taxes for real estate and real estate fees for example.  The old joke – only it is no joke at all – is that “I am from the Goverment I am here to help you .”  The corally  might be as to why government civil servants do not look out of the window in the morning – its because then they would have nothing to do in the afternoon and would be bored.  ( all the while while putting in times towards their lucrative and well deserved ? pensions)  Nothing is for nothing so it is said and there is no such thing as a free luinch.

An example is point is the increase in land transfer titles in the province of Manitoba over the last number of years.  On top of that it might be noted that the land title taxes were not small to begin with .  As well in NDP land it was only the “rich”  who were supposed to pay these land transfer taxes.  Anyone hear of the land title transfer threshold hold being revised in light of vastly higher property values.

Shameless tax grab – Winnipeg Free Press – In the case of the Winnipeg family of five, their tax is almost as much as they will pay in net municipal and education property taxes. Think about it: For the same price the province charged to register their property, they will pay …

The comedy might be that many of these City of Winnipeg civil servants and union workers flee the city for the suburbs just outside the city as :”taxes are so high” .  Wonder why.

News release – Minister Blackburn extends personal income tax … – The Honourable Jean-Pierre Blackburn, Minister of National Revenue and Minister of State (Agriculture) confirmed today that taxpayers affected by flooding in Manitoba will have until June 1, 2009, to file their 2008 personal income tax …

Stand Your Ground: Happy Tax Freedom Day! – Alberta continues to enjoy the earliest Tax Freedom Day on May 16, followed by New Brunswick on May 31, then Ontario on June 1. Next comes Prince Edward Island on June 3, followed by Manitoba (June 7), British Columbia (June 8), …

small dead animals: Manitoba NDP: “We were charging for expenses … – The party has also been forced to send belated 2005 tax receipts to the roughly 3000 delegates who attended the convention, with instructions on the complicated process required to retroactively claim the tax credit. …

Manitoba budget 2008 – Tax Alert. Manitoba budget 2008. Manitoba Minister of Finance Greg Selinger tabled the province’s fiscal 2008 budget on 9 April 2008. The budget contains several tax measures affecting individuals and corporations. …

CJOB 68: Manitoba’s Information Superstation New: Local Story – Statistics Canada says Manitoba is in the middle of the pack when it comes to family income. Manitoba families had a median after-tax income of 58-thousand 300 dollars in 2007. That’s fifth highest among the provinces. …

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Panel proposes slashing city’s property taxes

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A steep cut in Baltimore City’s property tax rate and an array of new sources of revenue are part of a sweeping plan to be issued today by a blue ribbon tax commission.

Impaneled by Mayor Sheila Dixon last April to explore ways to cut the city’s prohibitively high property tax rate — the highest in the region — the report provides a comprehensive, long-term plan for cutting property taxes up to 30 percent by increasing taxes and fees.

“What this plan does is address the issue of how to grow the base, which is how we believe we can raise revenues in the long run, by increasing the number of residents,” said the panel’s chairman, former city Councilman Jody Landers.

“The high tax rate keeps an artificial lid on the city’s growth, and we need to change that,” Landers said.
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Among proposed sources of new revenue are a regional sales tax, a commuter tax, increasing the city’s local share of state income taxes to the maximum rate, and doubling the current 4 percent cap on property tax increases when property values rise.

“The plan is comprehensive with the long-term of goal of making the city’s property tax rate no more than 50 percent higher than surrounding jurisdictions,” Landers said. “That’s what we need to do to grow.”

Currently, Baltimore’s property tax rate is $2.288 per $100 of assessed value — 108 percent more than Baltimore County’s rate and significantly higher than all other local jurisdictions. The city has cut the property tax rate by 2 cents for the past four years, with another decrease of 2 cents planned for 2008.

The report, though, departs from the incremental approach, recommending a vast array of new revenue sources that if implemented could allow the city to slash the property tax rate by nearly 65 cents per $100 of assessed value.

The cuts could save the owner of a $100,000 home $260 to $700 annually.

Dixon spokesman Sterling Clifford said the mayor was withholding judgment of the specific proposals until the plan had been reviewed by residents.

“This will affect every single person in the city. The mayor is committed to making owning property in Baltimore more affordable, but there is no magic bullet; there are trade-offs no matter what strategy we choose.”

http://www.examiner.com/a-1135402~Panel_proposes_slashing_city_s_property_taxes.html

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