Comment 35293

By A Smith (anonymous) | Posted November 11, 2009 at 16:54:38

seancb >> Is it a coincidence that the more recent developments happened around the time that GO service expansion became a serious goal?

Hamilton Commercial tax rates
2009 - 4.32%
2008 - 4.57%
2007 - 4.53%
2006 - 4.47%
2005 - 4.80%
2004 - 4.82%
2003 - 5.32%
2002 - 5.97%
2001 - 6.29%

Hamilton Residential tax rates
2009 - 1.59%
2008 - 1.65%
2007 - 1.60%
2006 - 1.54%
2005 - 1.75%
2004 - 1.71%
2003 - 1.75%
2002 - 1.83%
2001 - 1.75%

Keep dropping tax rates on property investmenst and the result will be more property investments. As Ryan likes to say, if you tax something, you get less of it. The reason is simple, people like keeping their wealth.




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