CHMA talks with Tantramar CAO Jennifer Borne and treasurer Michael Beal about why this year’s sharp rise in assessment values for residential property owners is not matched with a reduction in the tax rate.
“Five years ago, we were buying fire trucks for $350,000,” says Beal. “Our latest one is $800,000 for the exact same truck.”
Borne and Beal explain how rising municipal costs, assessment spike protection, and provincial and federal properties in the municipality affect overall tax revenue.
