Panda_
New Member
An apartment building w/ ground floor retail would pay more property taxes than single family homes on an equivalent plot of land though? That's additional revenue for the city.
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Calgary Regional Rail Transit
- Thread starter Oddball
- Start date
darwink
Senior Member
Yes to the first. No to your second.
Every single family house in Calgary is replaced by a six plex through an act of god tomorrow, revenue to the city stays flat.
Panda_
New Member
I don't quite understand. Property taxes are a form of revenue. It would increase the amount of property taxes paid to the city, meaning additional revenue. I'm not talking about profit.
darwink
Senior Member
No it doesn't.
Year 1
City has 100 houses. Houses are worth $100,000 each. City Council sets revenue requirement at $100,000. Each house pays $1000 in taxes, city raises $100,000.
Year 2
City has 110 houses. Houses are worth $125,000 each. City Council sets revenue requirement at $100,000. Each house pays $909 in taxes, city raises $100,000.
Panda_
New Member
So you're saying 5 single family houses vs 50 unit apartment + 3 retail stalls on the same plot of land would accrue the same amount of property tax in total?
CalgaryTiger
Senior Member
Come for the regional rail chat, stay for the property tax chat.
darwink
Senior Member
No, that is not what I am saying. The mix of types of tax paying properties and number of tax paying properties and the value of those tax paying properties only changes the tax distribution among those tax paying properties, not the total tax paid by those tax paying properties.
darwink
Senior Member
Hey, they brought it up, and I like to party. It is also a very common misunderstanding
Panda_
New Member
I maybe understand what you're saying. If you have a link or resource on this topic that expands on this, I can take a look.
darwink
Senior Member
It is pretty simple.
The city's revenues are set by a positive choice of city council.
They are not unpredictable, or gamable, except by choice. It is not:
Some places are like the lower. Until recently, a County in Alabama had has the same library tax rate for something like 40 years, unchanged. Definitely a worse practice.
whatchyyc
Active Member
CABRs latest releases have asked the province to save 3 trains per hour on their airport line for their Banff through running trains, but yes in things like the Bow Valley rail study have frequencies around that range
Of course, CABR doesn't have much to do with how often the province thinks they can run the train but even if it's a summertime peak frequency that would be so nice to turn it into a show up and go level of service.
darwink
Senior Member
YYCguy
Active Member
Is VIA rail what she plans for rail in Alberta? 
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CalgaryTiger
Senior Member
I mean... Maybe for the inter-city rail but commuter will have to be under its own banner: Albertrain hahaIs VIA rail what she plans for rail in Alberta?
The H-GO train