Assessors agree NS home worth only $1 after owner finds aboriginal axe on property – National Post
June 25, 2015
Normally, a brand-new seaside home on the outskirts of Antigonish, N.S. could easily fetch as much as $400,000.
But after homeowner Mike MacDonald stumbled upon a Mi’kmaq axe on the two-acre property, he was quickly able to convince the Province of Nova Scotia that his new home was now effectively worthless.
“Such a property would be considered very valuable under normal circumstances,” reads a decision by a Nova Scotia appeal tribunal.
But with the artifacts throwing the property’s future into limbo, “the value will be set at $1 until the future use of the Mi’kmaq artifacts is determined,” it read.
The rock-bottom assessment — which MacDonald only obtained after several appeals — frees him from paying any property taxes on the beachfront land.
