2009-05-22 12:10:11
It's only been four years since they've been charging a tax on every property sold in the Municipality of the District of Lunenburg. And now they are looking at increasing the deed transfer tax. Council is proposing to bump up the rate from three quarters to a full one percent of the value of the property transferred. Second reading of the changes to the Deed Transfer Tax Bylaw will be held in the county council chambers in Bridgewater on June 9th. The tax came into effect in the municipality in September 2005. According to the municipality's figures, the tax earned them $541,554 in the last budget year.
