A Usenet persona calling itself BCITORGB wrote:

Scotty asserts:
================
Thus, 50 renters in an apartment building split the costs of the
property tax, which is based on the acreage of land, not the income
from rents, and so they are, essentially, free riders on the system.
==================

Perhaps that's how property tax is calculated in CO. In BC, your
millrate is a function of your property's assessed MARKET VALUE.
(Acreage is thus irrelevant)

So, for a multi-unit apartment building, the market value will
presumably be quite high, and thus the tenants do carry a tax burden.

Mill levies are set based on the "assessed value" which does factor in both
use and comparative property values along with parcel size, but while the
mill levy is set each year, the assessment is changed only about every five
years. There is no direct link between the income the property generates
from year to year and the assessable value of the property, so no, the
renters don't pay their "fair share" of the school taxes.

--
Regards,
Scott Weiser

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