This article appears in Nov 27 – Dec 3, 2008.
Let’s see how consistent we can be
Ok, so here we are in a “financial crisis” and the throws of a recession. Bailout this, financial package that. The housing market is set to decline (by way of overall sales and housing prices), so lets see how the annual property tax assessments get han
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Not trying to be a pain in the ass, but it’s bugging me so…”throes”not”throws”
Increases in property taxes in Nova Scotia are now capped at the rate of inflation. Aside from the initial assessment, it doesn’t matter any more where the assessment goes. And, so far, assessments haven’t gone down.
I heard an interesting tid bit today — the US government has given enough money to the banks to pay off half of american mortgages…they could’ve paid of half of everyone’s mortgage and actually helped the tax payers instead of corporate financial america. Frustrating though, eh?Anyway, I have family who very well may have to sell their house because the tax increases over the past while have been killing them. And in this market….well I dare say my family member is fuck’d.
Just wondering why you put “financial crisis” in quotes … as if it were ambiguous, and not 100% real and happening now.