There seems to be news slowly filtering through on property tax changes, although I have seen nothing yet regarding industrial taxes. What I read below today from CTV raised my eyebrow. It feels like they are politicizing the tax rate to shift blame to the municipalities. Call me skeptical, but I can see them setting it artificially low to absolve themselves of blame.
N.B. government to set property taxes for municipalities in effort to lower bills
https://www.ctvnews.ca/atlantic/article/...municipalities-in-effort-to-lower-bills/
Quote:
Officials say the government would publish a tax rate for each municipality based on several metrics such as the consumer price index.
They say the new approach ties property taxes to a municipality’s service needs, as opposed to property values.
If local councils decide on a different rate from the number issued by the province, they would be required to explain their decision on the property tax bills sent to residents.
Local Government Minister Aaron Kennedy says the bill will put pressure on municipalities to keep tax increases lower.
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