Halifax staff propose 5.9% property tax increase

[Half-Axed]

Originally Posted by IanWatson

Your actual taxes paid would be subject to the cap though, no?

Ah yes.

I wonder what it will be this year though as it is based on the consumer price index which usually changes 2% ish year over year but is pushing 5% this year. (No idea what calculation they use to get from CPI to the cap.)

That said, something based on 5% certainly sounds better than the 25% I had myself bracing for.

Thanks for the reminder.