02.10.2008 - Canada: Property tax may climb by millions due to reassessment
From Canada.com: Regina property taxpayers could see a $10.7-million tax hike in 2009, thanks to a sharp decrease in education foundation grants due to reassessment, according to the head of the Regina & District Chamber of Commerce. Saskatoon residents could face a $5-million tax increase, barring any changes in the way the education portion of property taxes are calculated, added John Hopkins, CEO of the Regina chamber. But a senior education ministry official says it's far too early to say whether property taxpayers in Regina and Saskatoon will face any increase in taxes. Hopkins said the ministry of Municipal Affairs recently informed the chamber that the percentage of value used to determine how much each class of property is assessed for taxation purposes remains unchanged in 2009...... Full Article: Source