As a taxpayer, nothing’s more unsettling than knowing you’re being treated unfairly. For example: a developer who is constructing a multifamily apartment building reached out with a situation symbolic of a widespread issue in New Brunswick’s flawed property tax system.
Property taxes are the single largest operating expense for most commercial real estate properties. Canadian property taxes are ad valorem, or market-value based. In other words, within classes of property, higher-valued properties pay more property tax.
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