is tyranny. But what about taxation with excessive representation? After all with 13 municipalities and the CRD we can’t argue there isn’t enough representation going on here, but how much is it all costing us in taxes? Thanks to open data initiatives, we can see which municipalities have kept a lid on tax increases and which ones have let loose the dogs of bureaucracy.
Assuming you lived in a representative house in each of the municipalities from 2006 to 2016, how much would your taxes have increased?
The winner by a mile is North Saanich where taxes haven’t even kept up with inflation. Of the core municipalities, Esquimalt has done the best job keeping tax increases moderate while the big loser is Saanich with a 56% jump in 10 years. All of them hiked taxes and fees much faster than inflation over the last decade.
Here are the 2016 values for all the municipalities.
|Municipalities||Tax Rate ($/$1000 value)||Representative House Value||Residential Taxes|
And it’s Monday, so here’s the weekly numbers courtesy of the VREB.
|Wk 1||Wk 2||Wk 3||Wk 4|
|Sales to New Listings||61%||68%||67%||
|Months of Inventory||
Significantly lower sales/list ratio for the second month in a row. However 67% is still high compared to normal years (April 2015 was 59% and April 2014 was 44%).