Tax Base Increases In Saint John Area Municipalities
SAINT JOHN – Numbers released by the province show Saint John’s tax base increased by 6.24 percent over the past year.
That is a marked jump from last year when the city saw an increase of just 0.12 percent.
The city will receive $17.8 million in grants from the province in 2022, including $15.2 million in equalization grants.
Last week, the province reported that the assessed value of all properties jumped by 7.7 percent year-over-year, the highest increase in 20 years.
Elsewhere, Rothesay’s tax base grew by 9.1 percent from the 3.1 percent figure reported last year. It will receive just $130,973 in grants.
The tax base in Quispamsis increased by 8.01 percent, up from 2.8 percent last year, and the town will get $115,254 in grants.
Grand Bay-Westfield, which will receive $265,869 in grants, saw its tax base jump by 9.48 percent compared to 1.7 percent.
No municipality in the province saw its tax base drop over the past year.