Nova Scotia Property Tax CAP
Nova Scotia residential property tax assessment increases of owner-occupied homes are capped to inflation. People who have continuously owner-occupied their home pay lower property taxes compared to renter-occupied homes, owners who bought or moved in recently, or compared to people who have rented out their homes for more than a year.
This system, called CAP, asks renters and newcomers to subsidize long-time owner-occupiers. Use this map to explore who benefits from CAP and who subsidizes their neighbours.
The interactive map focuses on residential properties. If a property has multiple uses besides having a residential use, for example mixed commercial and residential uses, this map shows the assessed value and tax rates of the residential portion only. It will also show the resource portions attached to residential properties that are taxed based on assessed values.
“The CAP Map’s visuals and filters simplify the job of understanding the negative impact that Nova Scotia’s Capped Assessment program is having on the apartment rental industry and renters,” said Kevin Russell, the Executive Director of IPOANS
AMANS President Mike Dolter acknowledged that the original intent of the CAP was good: “The CAP was intended to help keep taxes low, but our map and study show that under the CAP, more than 60% of homeowners and renters are actually paying more taxes.”
“The CAP is a complicated issue and it’s hard to understand the impacts of it. Two similarly valued properties should not be paying dramatically different taxes just because one owner has lived there longer,” says Chris Peters, President of NSAR. “We’re very pleased to partner on a project that will help Nova Scotians, and our elected leaders, understand the unintended consequences of the CAP.”
More details on the impact of the Nova Scotia CAP can be found in the accompanying report.
Explore the Map, click here