Quote:
Originally Posted by Saul Goode
"...everytime I look at a new development that cost 20+million the assessment is about 1/4 of that."
Can you cite even one real example of that?
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Didnt see this until now.
I didnt write them down because Viewpoint was so readily available. Now its interface seems dramatically different.
Most things are subdivided into "condos" now whether or not they are which makes it harder for sure (ie Scotia Square and the Halifax Convention center now "condos"). Will just make it more annoying to find info.
Its probably still under construction so perhaps a bad example but Queens Marquee is worth a lot more (and was last year) than its assessed value.
Emera's NSP Waterfront building was 54million and discovery centre building quoted at another 10million here but the complex only taxed as if it were worth $50mil alone and values have gone up a lot in 5 years.
Id be interested if the practice has ceased, but anecdotally when I checked tax assessments off costs of big new projects they were way off.