Saint John property tax increases to hit residents, but spare industry in 2024

By Robert Jones
CBC News
November 20, 2023
Category: Business & Politics
Region: Canada, Canada East

NEW BRUNSWICK — A Saint John City budget for 2024 that will require residential property owners to pay $8.5 million more in property taxes, while large industrial properties pay less, is being blamed on provincial tax rules that limit how much municipalities can charge businesses. It’s also reigniting debate in Saint John over whether industry pays enough to support city services. “Heavy industry next year will actually be paying less than the year before, overall, because we don’t have the tools to do anything else,” said finance committee chair Gary Sullivan. …Prince George, B.C., is one of a number of Canadian cities that imposes special rates on its biggest facilities. The city hosts pulp and paper mills and a small oil refinery and employs nine separate property tax categories. …New Brunswick municipalities are currently not permitted to tax any business properties, including industrial properties, more than 1.7 times what residential properties are charged.

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