_urbanite
Senior Member
I see $4149/mo in the listing, which is just under 50k/year. Add property tax of about 31k/year on top of that. What an insane about of money to pay to live in downtown Edmonton
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- Thread starter Daveography
- Start date
I see $4149/mo in the listing, which is just under 50k/year. Add property tax of about 31k/year on top of that. What an insane about of money to pay to live in downtown Edmonton
Barnaby
Active Member
The tax rates for apartments make no sense considering the little land they take up per unit compared to SFHs.
EtoV
Active Member
That's exactly why the idea of a land value tax is gaining traction in a lot of places
policyenthusiast
New Member
This is an interesting concept, do you know anywhere in Canada that's piloting this?
EtoV
Active Member
Not Canada, it Detroit is looking to do it. They have like 3 families that own everything there, which is making it hard for their downtown parking lots to be redveloped, since it's in their best interests to hold the land for now.
detroitmi.gov
The Land Value Tax Plan | City of Detroit
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