How HRM’s tax cut helps, but doesn’t go far enough.
In this year’s budget, HRM’s council reduced the proposed property tax increase for single-family homes to 5.8% from the 8% initially proposed by staff, and the city will bring in more money this year than last. The reason Halifax is able to bring in more money from a lower rate is because house prices have skyrocketed, and property taxes are based on the assessed value of people’s homes…