Things have to be done differently.
That, from Common Councillor Gerry Lowe on how properties are assessed after Canaport LNG received a 67 per cent reduction in its assessment.
Lowe says the city has missed out on something like $70 million because of the LNG property tax being frozen at half a million dollars a year.
Lowe says Common Council will be receiving a report that compares property assessment in New Brunswick to what happens in other provinces.
Meantime, Provincial Green Party leader David Coon is questioning in a tweet whether this assessment is a gift from the Gallant Government. Coon also tweets the reassessment damages the city’s tax revenue and the province still isn’t collecting any property tax from them at all.
