Nova Scotia Pledges $7-Million For Service Sector Property Tax Rebates
Restaurants, gyms, hair salons, and other service sector businesses in Nova Scotia will get a break on their commercial property tax.
Restaurants, gyms, hair salons, and other service sector businesses in Nova Scotia will get a break on their commercial property tax.
The proposed 1.9 percent increase to the average tax bill would be unfair to small businesses that have struggled during the pandemic.
A staff report has suggested raising property tax by 1.9 percent for both residential and commercial rates. For the average residential property, this will mean paying just an extra $38, the average commercial property will pay an extra $800 or more.
Compared to federal and provincial stimulus programs it’s not a big deal, but the CEO of the Downtown Halifax Business Association says municipalities are very limited to what they can offer financially.
The New Brunswick Real Estate Association says the province isn’t going far enough to address property tax fairness.
Commercial property owners in New Brunswick’s three major cities pay significantly more in property taxes than some of the country’s biggest municipalities.
Don’t agree with your assessment? We chat with Propertize’s Shawn Peterson about the importance of appealing.
Saint John Common Council had asked the provincial government to rescind the special tax deal for the facility.