Nova Scotia 2024 Property Assessments in the Mail

January 8, 2024 – Over the next few days, property owners throughout Nova Scotia can expect to receive their 2024 Property Assessment Notices which reflect a market value as of January 1, 2023.

Assessments are determined by Property Valuation Services Corporation (PVSC), the independent, municipally funded, not-for-profit assessment authority for Nova Scotia.

"2024 assessments reflect steady upward market activity across the province,” says DavePenny, PVSC’s Director of Assessment. “While Halifax continued to have market growth, many rural regions also showed climbing market trends.”

The total value of the 2024 Assessment Roll is $173.6 billion.

“Commercially, business and industrial parks continue to see significant market growth,” adds Penny.

2024 property assessments are based on sales and financial data and reflect a market value as of January 1, 2023, and the physical state of properties as of December 1, 2023, including new construction, renovations, demolitions, and impacts from natural disasters.

This year's rate for the provincial government’s Capped Assessment Program (CAP) is 3.2 percent. The CAP rate reflects the annual Consumer Price Index (CPI) for Nova Scotia as confirmed by the Province. The CAP limits the annual increase in taxable assessment for eligible residential properties to no more than the CPI rate for the year. About 68 per cent of residential assessments, 415,576 property accounts, qualify for CAP for 2024.

Assessors are available to discuss assessments and answer questions by phone (1-800-380-7775) or email ( For more information, please visit
PVSC operates in accordance with the Nova Scotia Assessment Act and the PropertyValuation Services Corporation Act
and follows internationally accepted standards for mass appraisal.