Property Tax-Nova Scotia-Peggy Jensen-Realtor-Real Estate

HOW DOES PROPERTY TAX WORK IN NOVA SCOTIA?

In Nova Scotia, property tax is calculated based on the assessed value of your property and the tax rate set by your municipality.

There are 49 Municipalities in Nova Scotia.  Here's how it works:

  1. Property Assessment
  • Every year, Property Valuation Services Corporation (PVSC) assesses the value of your property based on market conditions, renovations, and other factors.
  • You receive an assessment notice in January.
  1. Tax Rate
  • Each municipality sets its own property tax rate, which is expressed in dollars per $100 of assessed value.
  • There may be different rates for residential, commercial, and resource properties.
  1. Calculation Formula

Property Tax = Assessed Value × Municipal Tax Rate + Other Levies

Other Levies: Some areas may have additional charges, such as fire protection levies and transit fees.

Example Calculation

If your home is assessed at $300,000 and your municipal tax rate is $1.50 per $100, your tax would be:

(300,000÷100)×1.50=4,500

These areas have the highest residential property tax rates (per $100 of assessed value):

  1. Cape Breton Regional Municipality (Sydney) – $2.2154
  2. Town of Lockeport – $2.40
  3. Town of Trenton – $2.04
  4. Town of Glace Bay (CBRM) – $2.0418
  5. Town of North Sydney (CBRM) – $2.054
  6. Town of Shelburne – $2.01
  7. Town of Dominion (CBRM) – $2.0154
  8. Town of New Waterford (CBRM) – $2.0286
  9. Town of Westville – $2.13
  10. Town of Digby

These areas have the lowest residential property tax rates (per $100 of assessed value):

  1. Halifax Regional Municipality (Urban Area) – $0.659
  2. Municipality of the District of Guysborough – $0.77
  3. Municipality of the County of Pictou – $0.815
  4. Municipality of the District of Lunenburg – $0.81
  5. Municipality of the District of Chester – $0.695
  6. Municipality of the County of Richmond – $0.85
  7. Municipality of the County of Kings – $0.853
  8. Municipality of the County of Colchester – $0.885
  9. Municipality of the District of St. Mary’s – $0.97
  10. Municipality of the County of Annapolis – $1.025

 

Key Takeaways:

  • Urban centers like Halifax have lower tax rates due to a larger population and commercial tax base.

  • Cape Breton and smaller towns have higher tax rates, likely due to smaller economies and higher service costs per capita.

  • Rural municipalities generally have lower tax rates, though exceptions exist based on infrastructure and services provided.

https://data.novascotia.ca/Municipalities/Municipal-Property-Tax-Rates/ure8-3w7m/about_data

Peggy Jensen - Real Estate Agent | Halifax-Dartmouth & Communities in NS.    Nova Scotia Real Estate | Century 21 Trident Realty

www.peggyjensenhomes.com     Tel. 902-478-4328

CENTURY 21 Trident Realty Ltd.

796 Main Street, Dartmouth

Halifax Regional Municipality, NS  B2W 3V1

(902) 434-9090   tridentrealty@century21.ca

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