VANCOUVER (NEWS 1130) – The BC NDP is not backing down from the school tax on homes that have went up in value.
John Horgan is defending the increase and his other taxation policies.
Horgan says these tax increases are only a small percentage of people’s property value that skyrocketed in recent years. He cites homes in the west part of Vancouver as an example.
“Their property values go up just last year almost six per cent, on a $3-million home that’s a realized gain of almost $200,000 and the tax burden will be about $1,000.”
Horgan also takes issue with the idea that his government is not lowering taxes for anyone.
“We’ve reduced MSP premiums by 50 per cent and they’ll be gone by 2020. That’s about $1,800 year for an average year–that’ an enormous savings. If you live in the Lower Mainland and you have to cross the Fraser River, you’re no longer being hit by a toll.”