NAIOP in the News: Property tax rate in spotlight for city council election candidates
[I]n a survey Leger Marketing released Wednesday. Thirty-four per cent of the 500 voters contacted picked “reducing the tax burden” as a key focus for the next term.
Anand Pye, executive director of the commercial and industrial developers’ association, said many businesses are worried about taxes. Non-residential property owners pay taxes at a rate 2.5 times higher than people pay on their homes, rates 65 per cent higher than the average non-residential rate in surrounding counties, according to a report commissioned last year.