Thread: Vacant Home Tax
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  #22  
Old 11-09-2017, 01:14 PM
midgetwaiter midgetwaiter is offline
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Quote:
Originally Posted by hillbillyreefer View Post
A 1% increase in property taxes isn’t going to discourage anything. Property values in Vancouver are increasing at 15-20% per year, even adding the tax the ROI is staggering. This isn’t the kind of market even little guys can get in on and make a few bucks, but in true Canadian fashion the opportunity needs to be destroyed.
It's not a 1% increase, it's 1% of the assessed value of the home. On your average 1 mil Richmond crack shack that's 10k a year.
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