It is impossible to defend democratic rights or any of the social interests of working people without seizing the unearned wealth of the billionaire parasites.
The property tax rate for Victoria was higher in 2018 than it was in 2025
Meanwhile, property values are up about 25-30% in that same time period.
You can even see the rate drop significantly in 2022 when housing prices spiked during COVID, despite the City of Victoria budget not going down.
You’re simply wrong that house value appreciation leads to higher property taxes, it’s increases in the municipal budget that leads to increases in property taxes.
Because they do. Not immediately, but they are periodically reassessed, based on prevailing market value.
They set their total budget largely based on what they can collect in taxes.
That possibility doesn’t merit consideration.
You clearly don’t understand this, so I’ll make it even simpler for you.
Here’s the City of Victoria tax rates for the last 7 years https://wowa.ca/taxes/victoria-property-tax
The property tax rate for Victoria was higher in 2018 than it was in 2025
Meanwhile, property values are up about 25-30% in that same time period.
You can even see the rate drop significantly in 2022 when housing prices spiked during COVID, despite the City of Victoria budget not going down.
You’re simply wrong that house value appreciation leads to higher property taxes, it’s increases in the municipal budget that leads to increases in property taxes.