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Maritimes  + Finance  | 
Halifax condo prices will rise 1.5% in 2024, says Royal LePage.

Small Businesses Want Lower Property Tax Hike

Halifax small-business owners are calling for the region’s local government to go easier on its proposed commercial property-tax increase.

The average commercial property tax bill is slated to rise 9.7%, matching the residential hike, as the Halifax Regional Municipality grapples with a revenue shortfall of $68.7 million.

An increase of any size, particularly at the magnitude first proposed by city staff, will bring higher costs in the form of higher tax bills for those small businesses who own their property and higher occupancy costs for those who rent,” said Duncan Robertson, a Canadian Federation of Independent Business, said in a news release.

The CFIB represents small-and-medium-sized enterprises across the country. Robertson said most CFIB members in the region do not believe the hike is fair and want to ensure that is being used to pay for the budge shortfall.

CFIB members also want a clearer budge process, Robertson added.

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Inside The Story

Duncan RobertsonHalifax Regional Municipality

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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