Former City Councillor Rory Tarrant made an look at a speaking occasion in the course of lunchtime Thursday. Tarrant became at Realty Glimpse to speak in-intensity about property taxes in Grande Prairie. During the hour-long event,
Tarrant turned into the bearing on subjects along with possible lengthy-time period answers to decreasing assets tax. He explains one of the maximum fantastic reasons why belongings taxes within the city are excessive is because Grande Prairie is predicated greater on residential taxes.
“The huge reason comes right down to the distinct property taxes which are amassed, especially among the residential, commercial, and a couple of other business taxes,” says Tarrant.
Because Grande Prairie is more reliant on residential taxes, we don’t have as beautiful of a tax base in some of the opposite commercial charges. That generates greater of a burden at the residential taxpayer.”
Tarrant notes that one lengthy-term plan that might lessen the cost of property tax and growth the industrial tax base could be searching into greater equitable sharing of the modern industrial tax base that the County of Grande Prairie and the MD of Greenview have.
“There are significant sources there that quite a few humans feel must be shared inside the town. So, that’s a part of it.”
While proscribing spending on residential properties can help with the price of property taxes, Tarrant says it’s no longer a long-term answer. He adds the Province’s Intermunicipal Collaboration Framework requires the City and the County to paintings collectively to perceive methods to supply services extra efficaciously, which includes exploring revenue sharing opportunities.