I recently received the provincial assessment of my property value - i.e. the MPAC assessment. I'm one of the lucky ones whose property value has increased more that the city average. I guess I'd be luckier if MPAC had royally messed up and calculated a lower valuation - however, the number they came up with is pretty well spot on.
I'm not sure whether MPAC new I had a new shingle job, new deck/landscaping and a completely renovated bathroom. Like almost everyone else in the Beaches, I've been putting quite a bit of $$$ into the place - really a necessity if you want your neighbours to continue to think well of you.
I'm very happy with the place - and why shouldn't I be. This is a great neighbourhood. It's close to downtown. We have the beach, and more than our share of parks, plus the Leslie St. Spit. The city has spiffed up the library, and upgraded the cycling trail along the Boardwalk. Not only that, the waterfront revitalization effort will see the establishment of a big new park area.
However, there's a fly in the ointment - at least according to my local city councillor - a certain Ms. Sandra Bussin. I just received a long rant from Ms. Bussin complaining that the assessments were unfair. She doesn't like the fact that properties are assessed on their current values. However, she doesn't propose an alternative. Would it be fair to base taxes on value from 5, 10 or 15 years ago?
There's nothing unfair about having one's property increase in value and paying a proportionate increase in taxes. What isn't fair to anyone is the huge leaps in city spending that are causing tax increases for everyone.