Cap assessment program nova scotia

In the increase was capped at 2. The CAP puts an average of dollars a year back into the pockets of those benefiting from the program. News release. Most importantly, Nova Scotians were asked to provide their opinions. New Brunswick and Prince Edward Island have also started similar programs in the last year.

Switch to the light mode that's kinder on your eyes at day time. Search Search for: Search. The assessments also consider the physical state of properties as of December 1, , including new construction, renovations, additions, and demolitions.

Commercial assessments have increased by 1. The way the controversial issue is being handled was also the subject of scrutiny among the committee members.

Lisa Roberts, the NDP's municipal affairs critic, said all-party collaboration is a rare occurrence. The president of the Nova Scotia Federation of Municipalities, Pam Mood, said her organization will try to gather the information requested by the all-party committee before the next meeting.

Despite division among the presenters, Mood said she remains optimistic. Pseudonyms will no longer be permitted. By submitting a comment, you accept that CBC has the right to reproduce and publish that comment in whole or in part, in any manner CBC chooses.

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In Nova Scotia, provincial legislation limits, or 'caps', the annual increase in taxable assessment for eligible residential properties. The CPI rate published in November was 5. The provincial CAP legislation states that if you purchase a property and the ownership does not stay within your family i.