Property Tax Goes Up In Queens Region

Property taxes in Queens County are going up in an effort to cushion the blow of significant revenue losses in the region. Residential, commercial and resource properties will each face a three cent spike per hundred of assessment in their tax bills for the fiscal year 2012-13. Mayor John Leefe called it the most challenging budget since amalgamation in 1996. Leefe says the region has lost $1.2 million in revenue since Nova Scotia Power properties were reassessed over three years ago. He says a $135,000 tax break for Bowater Mersey has also contributed to a difficult year for the municipality. Council passed the tax increase and its budget at a meeting this morning. Its operating budget exceeds $17.6 million dollars while its capital budget has been set at $3.3 million. The Region also approved the second $250,000 installment of its $1-million dollar commitment to the Queens General Hospital Project.