Halifax Regional Municipality considers property tax increase

HALIFAX – The Halifax Regional Municipality is considering a property tax increase of nearly six per cent.

“Staff proposed 5.9 per cent,” said Mayor Mike Savage. “Two-point-nine per cent on the operating cost.”

The remaining three per cent would help fund Halifax’s Climate Change Program.

Kevin Russell from the Investment Property Owners Association of Nova Scotia said proposed tax increase would come at the worst possible time.

“Investment property owners owning rental units are under a two per cent cap that was mandated by the provincial government,” said Russell, who added other expenses are on the rise. “They are small landlords, owner operators and they are really feeling the pinch. They don’t have the capacity to keep incurring these increases.” … [Read More]