LETTER: Propert taxes up, value down

Editor:

Bad news, it looks like we might have traded one bunch of scoundrels in for another.

For all of his faults, it could be said of ex-mayor (Wayne) Baldwin that he was focused on bringing in new tax dollars through growing the community’s vibrancy and tax base.

If only he’d respected the OCP he might have gotten a pass.

Now we have a new bunch of leftists in charge who are keen to tax “empty” homes at an exorbitant, unique-to-White Rock, rate of five per cent (Vancouver is one per cent).

Except for Vancouver, no other jurisdiction in the province has implemented this tax, although Victoria would like to.

Although this doesn’t hit me directly, it will put White Rock way out of line with all other communities in the province and will certainly affect property values in the city, in an already declining market.

So if a person purchases a property for $500,000 and uses it three months a year, the tax will be about $25,000 per year, plus basic property tax.

Then there’s the 2.5 per cent anti-flipping tax, but that’s another subject.

I’ve sent three emails to White Rock politicians, but no response.

I’d say the honeymoon is over. Taxes will be going up, property values will be going down.

Bruce Fraser, White Rock

Just Posted

Homelessness group puts pressure on White Rock council

Peninsula Homeless to Housing task force brought forward three action steps for council

Stabbing at Surrey banquet hall sends man to hospital

RCMP says victim has ‘non-life threatening’ injuries, incident still under investigation

Slam poetry creates catharsis for North Delta youth

Burnsview Secondary team gearing up for poetry festival and competition in April

South Surrey parking ticket perplexes, frustrates

Theresa Delaney predicts more people will be wrongly ticketed

B.C. students win Great Waters Challenge video contest

Video, mural and song about saving the salmon claims the top prize

B.C. athlete takes home gold in freestyle aerials at Canada Games

Brayden Kuroda won the event with a combined score of 121.65.

Pedestrian in serious condition after hit by car downtown Abbotsford

A youth was also hit, suffered minor injuries, police say

Cabinet likely to extend deadline to reconsider Trans Mountain pipeline

New round of consultations with Indigenous communities is coming

B.C. government provides $75,000 towards salmon study

Study looks at abundance and health of Pacific salmon in Gulf of Alaska

Murdered and missing honoured at Stolen Sisters Memorial March in B.C.

‘We come together to make change within the systems in our society’

UBC researchers develop inexpensive tool to test drinking water

The tricoder can test for biological contamination in real-time

Disgraced ex-Congressman Anthony Weiner released from prison

He was convicted of having illicit online contact with a 15-year-old North Carolina girl in 2017

Most Read

l -->