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Vertu Suites - HRM takes tax hit
Earlier this week Vertu Suites and the commercial property at 1530 Birmingham Street was sold for $22.55 million. The property includes Pete's Frootique.
The assessed value is $32,601,800 and the sale at a substantial discount may result in a $10,000,000 reduction in the total assessment and a drop in taxes starting in the 2017/18 tax year. Preliminary property assessment for 2017: $34,010,900
The sale closed on November 14 2016.
Last edited by Colin May; Nov 19, 2016 at 11:48 PM.
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