Comment 32337

By A Smith (anonymous) | Posted July 08, 2009 at 14:49:30

Jason >> each new home results in a net loss of $7,000 to the existing tax base.

Can you please tell me where you come up with this 7k per house tax deficit number. According to the 2009 budget, Hamilton has lowered tax rates approximately 3.6%, even while tax levies have gone up 6%. If every new home is making this city worse off, shouldn't tax rates be going up? I love looking at numbers, so if you could show me the actual numbers behind the 7k per house tax deficit figure, I would really appreciate it.

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