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Government of PEI, NJN, PEI, Prince Edward Island

PEI Real Estate agents support property tax changes

Posted by Stephen Pate on November 27, 2009 0 Comments

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CBC is reporting Danny Moase, President of the PEI Real Estate Association, calls their complaints about the property tax changes a mistake.

Real estate fuss a ‘misunderstanding’

“Association president Danny Moase told CBC News on Thursday that after meeting with provincial Treasurer Wes Sheridan, he is now comfortable with the proposed changes.

The amendments would adjust the assessed value of a home when it is sold to something Sheridan described as market value. Sheridan has since clarified that does not mean what the house sold for, but instead is based on an assessment of market value made by the province.

“It was a misunderstanding regarding terminology,” Moase said.”

Stephen Pate

Publisher of NJN Network, Stephen has covered pop, jazz, folk and rock music since 1964, and spent 2 decades as the founder of serial IT startups. He has a great wife, 10 children, a growing number of grandchildren and is passionate about music and disability advocacy.

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