The CBC article appears to have changed substantially now since Keith's quote was first posted, e.g. $400M a year is gone.
Quote:
Originally Posted by Keith P.
We need to not talk about the HRM tax RATE since that figure is essentially meaningless.
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I don't think it is meaningless, since the property tax base, which is a measure of a portion of the wealth of the city, matters too. As others have said the assessments don't all go up equally, and can go up from expanded construction and renovations. In theory, the city's revenues can expand while some property tax bills decline. Inflation also matters. If inflation is 4% and HRM collects 3% more taxes, their real tax rate is down slightly. I don't think it would be that hard for an article about municipal taxes to clearly lay out all of these concepts.
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