Halifax property tax is based on the assessed value of your home. For Nova Scotia, properties are assessed by the Property Valuation Services Corporation which mails out property assessment notices every year in January.
You can calculate your property tax using either your home's assessed value or your home's most recent market price. Just enter the price and type of your property, and we will give you an instant property tax estimate.
Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
|Residential Property Tax Rate for Halifax from 2018 to 2020|
|Year||Municipal Rate||Educational Rate||Final Tax Rate|
|Halifax at a Glance|
|City Area||5,490.35 km 2 (2,119.84 sq mi)|
Properties in Atlantic Canada are assessed by different organizations for each province.
For Nova Scotia, properties are assessed by the Property Valuation Services Corporation which mails out property assessment notices every year in January.
For New Brunswick, properties are assessed by the province through Service New Brunswick (SNB) which mails out property assessment notices every year in October.
For PEI, properties are assessed by the province which mails out property assessment notices along with the property tax bill every year in May.
For Newfoundland and Labrador, properties are assessed by the Municipal Assessment Agency which mails out property assessment notices every year before September.
Most properties are assessed using a market value-based approach. There are three ways that uses to determine a property’s market value:
Residential properties are valued under this approach. This compares the sales of similar properties in the assessment year to determine a valuation for the property. The assessed value may not equal the actual market value or sale value of a property.
Unique and rarely traded properties are valued under this approach. This uses the cost of the property if someone were to rebuild it to determine a valuation for the property minus depreciation due to age or other factors. This includes the price of the land and the price of all improvements (e.g. buildings) on top of it. While this takes into account the market value of the land, it does not consider the market value of the property as a whole.
For properties that are dedicated to generating income like rental properties or offices, an income-based approach is used. This approach uses the income generated by the property as well as the sales price to determine its assessed value.
* For mortgages of at least $500,000 with down payment under 20%.
WOWA assumes no liability for the accuracy of information presented.
† For mortgages of at least $500,000 over a 25-year amortization period.