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HRM council approves new tax system for commercial properties

System will be implemented in 2023-24 tax season, to be reviewed after a year

Halifax regional council has approved a new tax system for commercial properties
A new report with three options for tax reform was presented to councillors on Tuesday, but only two of them were considered.

The one recommended by finance officials is a tiered system that would reduce taxes for properties valued at less than $5 million, but increase them for those worth more $5 million.

The heads of three business districts made presentations to council. None of them was in favour of the tiered system.

“This completely goes against the goal that I hope we all share of making downtown more competitive and helping downtown recover from being disproportionately hit by pandemic restrictions,” said Paul MacKinnon, executive director of the Downtown Halifax Business Commission… [Read More]