Sunday, May 15, 2005

Jersey residents pushing for prop tax reform

Americans are far more likely to embrace significant tax reform when required. In 1978, California voters approved an initiative that reduced property taxes by 57 per cent, and capped annual tax increases on houses at 1 per cent, until the house is sold and re-assessed.

As Saskatchewan residents are receiving their tax notices in the mail, CTF phones are slowly lighting with folks asking why their taxes jumped by, 8, 12 or 22 per cent this year for the no good reason.

This is an assessment year, that's why. In the last assessment year (2001) property taxes jumped by an average of 8 per cent. Expect more of the same this year.

It's time Saskatchewan residents and politicians took a good look at property tax reform. Voters in New Jersey are.

Prospects for reform are actually improving as time goes by. Property taxes do not reflect ability to pay, only a value attached to a home. Those most effected by property taxes are the elderly, and there are going to be a lot more older people in coming years.

Keep an eye out for a CTF Saskatchewan property tax report to be released in the coming days.

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