Are Cortes residents paying more taxes because their property assesments went up
Roy L Hales/ Cortes Currents - Are Cortes property owners paying more taxes because their assessments went up? The topic came up at the Wednesday November 7, Electoral Areas Services Committee (EASC) meeting. Mike Harmston, Chief Financial Officer for the Strathcona Regional District (SRD), wanted to correct three widely believed myths. “The first one is the assessment increase automatically translates to a property tax increase. A lot of people compare property taxes to a sales tax where they requisition a fixed amount. For example With a provincial sales tax at 7%, if the underlying price…
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