10:29 pm - Friday, December 2 2016
Home / News / Commercial Tax Flexibility for Halifax Regional Municipality

Commercial Tax Flexibility for Halifax Regional Municipality


Legislation introduced today, Nov. 1, will allow Halifax Regional Municipality to set different commercial property tax rates in designated zones.

“One way to support the provincial economy and strong, healthy communities is to give municipalities some flexibility in managing commercial property taxes,” said Municipal Affairs Minister Zach Churchill. “These changes will help council encourage commercial development where it’s best for the community.”

The bill will amend the Halifax Regional Municipality Charter Act, giving council the authority to designate zones in which different tax rates can be set and applied to assessed property value or street frontage of properties.

Within these zones, council will be able to apply different tax rates to different amounts of assessed value or lengths of street frontage. For example, the first $100,000 of assessed value may be taxed at one rate, the next $100,000 at a higher rate, and so on.

Council can choose to use any combination of these options.

Commercial tax rates set using these options will be reviewed within four years of coming into force.


Source: Release

About Haligonia Editors

See news happening near you? Tell us. Click here to email our team.

 

The views and opinions expressed in this content are those of the author and do not necessarily reflect those of haligonia.ca.

You might also like...

Barrington Street – Overnight Street Closure

Friday, Dec. 2, 2016 (Halifax, NS) – The Halifax Regional Municipality is advising residents and motorists that Barrington Street will be closed each night next week between Duke Street and Spring Garden Road.

The closures will begin Sunday...

Leave a Reply

Your email address will not be published. Required fields are marked *