Industrial plants, commercial buildings big winners as N.B. property tax bills go out | CBC News

Industrial plants, commercial buildings big winners as N.B. property tax bills go out | CBC News

In Saint John the provincial and local home tax cuts plus a very little assessment boost at NB Powers Coleson Cove creating station will integrate to reduce its tax costs this year by $163,000. Present provincial guidelines require community residential or commercial property tax decreases to be universal and there is absolutely nothing local federal governments can do to guide savings amongst different home groups, even if evaluations on some are rising much faster than others. “The provincial government committed to home tax reform,” stated Department of Local Government spokesperson Vicky Lutes in an e-mail “We know individuals want a property tax and assessment process that is more fair, clear, and transparent.

Organization residential or commercial properties in the city also got that 4.2 per cent tax rate cut even though they did not have similar increases in their assessments. In Saint John the municipal and provincial home tax cuts plus a very little evaluation boost at NB Powers Coleson Cove producing station will integrate to decrease its tax bill this year by $163,000. Municipalities blame residential or commercial property tax rules imposed on them by the province for some of whats happening. Present provincial rules require local property tax decreases to be universal and there is nothing regional governments can do to steer cost savings among different home groups, even if evaluations on some are rising much faster than others. “The provincial federal government dedicated to property tax reform,” said Department of Local Government representative Vicky Lutes in an email “We understand individuals desire a residential or commercial property tax and evaluation procedure that is more fair, clear, and transparent.


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