Further Reduction to School Tax Rate for Commercial Businesses

Hi,
I just wanted to clarify the additional changes to the school tax rate for commercial businesses that came out in the news release this morning.

The Province is reducing another 25% to the school property tax rate for class 4,5, &6 from the already reduction of 50% announced previously. This would be a total reduction of 75% for school tax rate for those classes? This would include a similar reduction value for Class 7 & 8.

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