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At least in Toronto, it doesn't work that way. The amount of tax dollars the city wants to collect is set in advance. The value of each property only affects th

• chrchang523 4y ago
  Yes, when I learned about this practice, that significantly changed my understanding of the NIMBY problem's solution space. Although high property taxes incidentally constrain NIMBY behavior, they're a cure worse than the disease. It is appropriate for a city like Toronto to be proud of being able to operate with low property taxes. (I'm not going to defend the way CA Proposition 13 distributes the property tax burden between longtime residents and newcomers; but low property taxes on longtime residents should not be considered a problem, ceteris paribus.)
• 2ICofafireteam 4y ago
  Very cool. I never thought about this approach and seems very fair and would prevent local governments experiencing a lifestyle creep of sorts.
• bombcar 4y ago
  That’s how it works here - is it not the case everywhere!
• voisin 4y ago
  The only nuance is that the city can push more or less of the tax burden onto commercial properties vs residential properties, and they often push a disproportionate amount onto commercial because commercial doesn’t vote.