The numbers are in and the provincial government is recommending Saint John lower it's property tax base rate by about 5 cents. Finance Minister Greg Byrne announced the recommendations for all municipalities across the province under the governments new property tax accountability mechanism.
The rates are determined by a formula using the tax base of communities from the previous year, plus new construction and a market value increase of up to inflation.
Saint John's current rate is 1.78, and the province suggests it should be at 1.73.
Around greater Saint John---Rothesay is suggested to be 10 cents lower, Quispamsis by about 11 cents, Grand Bay Westfield by 9 cents, and Hampton by 8 cents.
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