Nova Scotia 2025 Property Assessments in the Mail

January 13, 2025 – Over the next few days, property owners throughout Nova Scotia can expect to receive their 2025 Property Assessment Notices.

Assessments reflect a market value as of January 1, 2024, based on market sales and financial data, and the physical state of the property as of December 1, 2024, including renovations and demolitions.

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

PVSC determines market value using mass appraisal, the process of valuing a group of properties on a given date using common data, standardized methods, and statistical testing.

"The 2025 Assessment Roll reflects steady residential market growth especially in towns outside of the Halifax Regional Municipality," says Charlene MacNeil, Director of Assessment. "Our analysis indicates apartment buildings and manufactured homes are a very strong market across the province."

The total value of the 2025 Assessment Roll is $190.6 billion.

"Commercially, both vacant land and industrial parks continue to show market growth," adds MacNeil.

This year's rate for the provincial government's Capped Assessment Program (CAP) is 1.5 per cent, reflecting the Consumer Price Index (CPI) for Nova Scotia. The CAP limits the annual increase in taxable assessment for eligible residential properties to no more than the CPI rate for the year. About 67 per cent of residential assessments, 415,306 property accounts, qualify for the CAP for 2025.

PVSC operates in accordance with the Nova Scotia Assessment Act and the Property Valuation Services Corporation Act and follows internationally accepted standards for mass appraisal.

PVSC representatives are available to discuss assessments and answer questions by phone (1-800-380-7775) or email (inquiry@pvsc.ca). For more information, visit pvsc.ca.

IMPORTANT DATES

Dec 17, 2024:

2025 Assessment Roll was sent to Nova Scotia’s 49 municipalities.

Jan 13, 2025:

PVSC mailed assessment notices for over 650,000 accounts to Nova Scotia property owners.

Feb 13, 2025:

Assessment appeals must be received by midnight on February 13, 2025. Signed appeal forms can be submitted by email, mail, or fax.