Editor:
There have been a lot of complaints by owners of second homes in Canmore that they are unfairly treated because they will be taxed at a higher rate.
The property tax rate is based on the value of the property via the assessment. Canmore actually has a lower residential mill rate than Calgary or Edmonton.
Different types of properties, like commercial properties and yes, second homes, are taxed higher. The reason that residential homes are taxed at a lower rate is that it helps families to own and live in a home.
In Canmore, this is now nearly impossible for young families and a hardship for older folks to keep on living in their homes because of high taxes. When you are able to own two or more homes, why would you begrudge those who are not as affluent a bit of financial help?
We only moved to Canmore three years ago and lived in B.C. for more than 40 years. There, the property taxes work the following way.
Every residential home is evaluated as of its real estate value. Homeowners in a primary residence who meet the requirements get the Home Owner’s Grant of a certain amount that is set each year. Homeowners who are seniors – over 65 – can get a Seniors’ Grant to be able to stay in their homes.
Homeowners who have a second or third home do not get any of these grants. B.C. homeowners get the lowest tax rate for their main residence and owners of secondary homes pay a higher rate. In effect, it is seen as a benefit to help primary homeownership.
Canmore second homeowners are not being punished. They pay their fair share of taxes.
Maria Raynolds,
Canmore
