MoneySense ranking provides food for thought

April 2, 2014 · 0 Comments

(Re: In Good Company, March 27)

Mayor Dawe uses some of the information from MoneySense magazine to paint a rosy picture of Aurora’s property taxes.
The use of averages, without deeper examination can give an inaccurate picture. Here are some other Aurora measures gleaned from MoneySense:
a) Aurora is rated # 24 across Canada.
b) Average income, $133,000 – 6th highest in Canada.
c) Average home value, $560,000.
d) Net household worth, $833,000.
e) Average discretionary income, $63,600
These numbers may help individual citizens decide whether our local taxes are appropriate and affordable.

Robert Cook
Aurora