Bill Smith’s Misinformation Campaign
Throughout this election, Bill Smith has spent hundreds of thousands of dollars running television, newspaper, and radio ads claiming that residential property taxes have increased by 51 per cent. This is flat out wrong.
The combined provincial and municipal property taxes paid by homeowners increased by 14.7% from 2011 to 2016. This is far from 51%.
Don Braid Said:
“From the cynical perspective, putting it out there was a brilliant campaign move by the Smith team.
There have been tax hikes, of course. In a recession they’ve made many people angry enough to believe the worst.
The worst, however, appears to be nowhere near 51 per cent.
The original claim was based not on individual tax hikes, but on the growth in total property tax revenue collected by the city.
The residential property tax take increased nearly 55 per cent from 2010 to 2017. Property tax on business climbed almost 75 per cent.
That was largely new money. It came from migrants buying homes, and the the creation or expansion of businesses.
But for individual homeowners, the blended provincial/city property tax went up 14.7 per cent over that period.
On the business side, the blended tax receipts grew by 13.7 per cent.” [Emphasis added]