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11 February 2014

Read This If You Live in a House in Downtown Yellowknife

by CENTURY 21 Prospect Realty

Yesterday I discovered an interesting quirk in the City of Yellowknife’s property assessment system.  If you own a house downtown and you use it purely for residential purposes, your land will be assessed at $95,000.  But if you choose to operate a business out of your home, your assessment jumps up to $210,000.  If you have purchased a home in the downtown area in the last seven years and you don’t currently have a business license attached to it, check your assessment.  If it’s at $210,000, get in touch with the City.

 

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