Moving On…

Perpetuating a Myth

What inspired me to collect all those stats and post about the city tax rate was actually hearing a caller on AM980 saying the city has all kinds of money they aren’t telling anyone about.

The conversation took place on The Craig Needles Show.

February 12, 2013


Arn: …most of the houses in the city of London have not had a tax freeze, at all, and more than that the city is getting that revenue.

Craig: Yes, well it’s assessment growth.

Arn: So there is reassessment money that is coming into the city that they just aren’t talking about.

Craig: Yeah, I can understand how its not a freeze, its not the exact same bill that you got the year before and I don’t think that they should imply that it would be.

Arn: No, no don’t call it not the exact same bill, talk about an increase…

Craig: Sure

Arn: …its an increased bill.

Craig: Yeah thats fair.

– Or go listen for yourself.

Where this all goes off the rails is Arn’s declaration that there is “reassessment money”, reassessment money is revenue neutral. It is only new assessments (from new building or changing classification i.e. from residential to commercial) that adds to the city’s revenue.

I don’t think it was intentional on Craig’s part to agree to this, he correctly referred to “assessment growth” at first, and to the fact that Arn’s taxes may have increased. He probably just missed the accusation that this created extra money for the city.

I think Arn also has a direct line to the studio, so arguing could end up being a long-term battle.

Property Taxes and Assessment

It amazes me how many people think that reassessment is a goldmine for the city.

It is not.

The city reduces the tax rate every year to counteract the reassessment of the average existing properties.

Want proof?

LdnOnt Taxes PDF

Unless you remember politicians boasting about our 10.4% decrease in property taxes since 2007, I would say that idea is busted.

Still wondering how the city calculates your taxes? Sandy Levin has a good write up over on the Emerging Leaders site that lays out the basics at