Editor:
Well, it’s property tax time again and I recently received my 2024 property tax notice from the Town of Gibsons. Now we all know that there has been inflation so we expect that every one of us needs to cough up some more cash to cover that fact. I understand that fully.
What I am having trouble understanding is that in the eight years from 2016 to the present, and despite me having eligibility for both the basic and the additional grants, my property taxes have increased by $1,886, a sum which is a bit over 74 per cent more than what I paid in 2016.
An online visit to the Bank of Canada’s Inflation Calculator shows that, for all goods and services in Canada, the total recorded inflation from 2016 to 2024 is just over 25 per cent. So, can anyone explain to me why are my property taxes up a full 74 per cent which is a whopping 49 per cent over the actual inflation rate for those eight years? I’m waiting and I’m all ears.
Michael Storr
Gibsons
