No tax breaks for nonprofit housing
Linda Gyulai reported last week in the Gazette that Montreal is unusual in Canada for not offering a property tax break to nonprofit housing.
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Nicholas 13:36 on 2024-05-27 Permalink
Good. Everyone who lives here benefits from city services largely paid for by property taxes. Let’s stop the exemptions and differential price structure and tax all property at the same rate (or, better yet, tax all land, and at the same rate). Simple, easy, efficient. Then if we decide that certain groups deserve grants we can create those. Why should we only give tax exemptions to people living in non-profit housing, or some students, rather than based on income? It’s better and fairer to just give money to people with low incomes, rather than an indirect subsidy to those that supply housing to a small subset of those people.
jeather 14:25 on 2024-05-27 Permalink
It’s surely not a worse rebate when given to low-income housing than to religious institutions.
Nicholas 23:31 on 2024-05-27 Permalink
jeather, absolutely agree with religious institutions, and all the other exemptions (educational institutions, etc.). Also some independent cities charge higher taxes if you live in a 6+ unit apartment building than if you live in buildings with fewer units, so a $2-million dollar mansion pays a lower rate than a six-plex where each unit is worth $334,000.
jeather 12:12 on 2024-05-28 Permalink
I have no opinion about property tax exemptions — I haven’t looked into it at all — but I do think that given there are exemptions for shelters etc, there should be exemptions for low-income housing. The higher taxes per multi family dwelling is remarkably mistaken about costs.