Does anyone really believe the value of thier property has been going down recently? The provincial appraisers are dealing with thousands of houses to value and rarely does someone look at their assessed value when they are selling and say “I’ll take that”, no…they typically want more…and real estate agents are always keen to get every dollar for thier clients because it means more for them.

Well here is an idea folks. Lets cap assessments by capping what you can sell your property for. Inact a law called “market value be damned” and nobody is allowed to sell their house for more than the current tax assessment value. That will effectively freeze your value and provide affordable real estate for everyone, it will never increase. Only problem, your most valuable asset won’t appreciate at 5 or 10% a year either.

I wonder my assessment value goes up? Duh!

I’m from the West Coast- starter homes start at 400k where I am from. And I worked for a municipality a few years ago- was even the one who administered the property tax program so I know how its calculated out there. Ive seen tax bills out there- dollar for assessment dollar, we pay way more here and get considerably less services.

However, assessment values are really silly to compare- its the expenditures of the municipalities that should be compared. Sum up the assessment values times the ‘mill’ rates for each category and you get the budget figures for the municipality. When I worked a municipality, we prepared our yearly budget then reviewed and revised our mill rates (as there are more than one dependent on the type of building) every fiscal year after the assessment roll came out but before tax notices were prepared.

When the City of Saint John refused to adjust the mill rate that means they they got a huge increase in their budget. Where is the extra money being spent? maybe this means they will plow in front of my house next winter though I doubt it.

Clearly they are spending more here- I know there are some fixed costs that would lift the cost that each person here has to pay but I would expect that huge of an increase to warrant the increase we got this year. My tax bill went up almost 15% from last year. Everyone I spoke to had another large increase. There are low incomes here. There are jobs that get paid 20k here that make 50k elsewhere in the country. There is a myth that the cost of living in NB is lower- its not. A lot of the big companies here appear price gauge. Our vehicle costs are higher as the vehicles get damaged due to the poor state of repair in the roads. Even food is more expensive here which I can’t understand as it totally contradicts the laws of supply and demand- the cost of getting the food to NB should be lower since everything is closer. The City seems to be unresponsive and unconcerned- almost a self-entitlement opinion that they can do whatever they want. And that attitude is mirrored in some of the big companies.

There are lots of good things about living in NB- I don’t mean to sound negative. NB is a wonderfully laid back place to live- Saint John in particular offers a lot to any person who lives here. That’s why I chose to live here over anywhere else in the country. But NB lets the Municipalities and the big companies get away with too much. I haven’t been here long enough to know why but I think these large organizations are taking advantage of the good nature of the people they serve. I think we need more socially conscious businesses and culture in Saint John and in NB. I think we as a community need to aim higher.

First, the concept of varying tax rates by municipality is in itself a problem. NB is not a large enough province to have such a needlessly complicated system. A province-wide tax rate is in order. Yes, it would upset those who live in the local service districts and some of the smaller communities because their taxes would likely rise, but most of them use the roads in the various municipalities, they use the hospitals, they work in the municipalities, etc., so their argument can be countered quite handily.

Second, paying taxes based on assessed value is another issue that pushes people out of the city and into lesser-taxed areas. A homeowner with a 2500 square foot home valued at $150,000 uses roughly the same amount of services as a homeowner with a 2500 square foot home valued at $300,000, yet the homeowner in the lesser-valued house pays 1/2 price for those services. Imagine someone who makes $60,000/year going to McDonalds and being forced to pay $6 for a Big Mac while someone else who makes $30,000/year only pays $3. It would never be accepted, so why should we accept it with our taxes? A better system might be to assess taxes based on square footage rather than assessed value.

Finally, there should be a percentage cap in place for those who retain their primary residence (similar to the state of Florida). For example, a little old lady who has lived in the South End for 30 years in the same home is forced to come up with more and more tax money each year, likely while facing a fixed income problem, for no new services (some would argue she receives less services each year…). And as long as she lives in that home, she sees no real benefit for the increased “assessed value” of her home.