n Tax Breaks Newsletter - New Municipal Rates Act : a blessing or a curse? : property taxes

Volume 2005, Issue 235
  • ISSN :



Extracted from text ... PROPERTY TAXES New Municipal Rates Act: A blessing or a curse? By KATHY THERSBY THE NEW Municipal Rates Act is here, but the jury's still out on whether this is good or bad news for property owners. For example, the Act aims to swell the numbers of rateable properties, as well as their values, which its proponents claim will result in higher income from property rates flowing to the municipalities, which will mean lower rates for all. On the other hand, the future of the agricultural sector now lies in the municipalities' hands. Should greed prompt them to abuse their ..

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