Tuesday, January 14, 2014

Property Assessments Mailed Out

Most residential and commercial property owners will see increases in their assessments this year. More than 600,000 assessments were mailed out yesterday. The value of all commercial and residential properties grew by $4 billion compared to $5.5 billion last year. Provincial assessment rolls now sit at $99 billion. Canadian Tax Payers Federation Atlantic Director Kevin Lacey says while assessments are up, there is still a silver lining in all of it for our area.

Which means about $20. to $30. more on average South Shore homeowners tax bills this year. There will likely be little change in commercial rates in the area. In Nova Scotia, 54 municipalities use the provincial assessment figures to set their tax rates later in the year.