EDIT: On several occasions, Carolyn Bolivar-Getson states the 2024 assessments are based on a “January 1, 2022 state date” and “the January 2022 market”. This is incorrect.

2024 property assessments are evidence-based using sales and financial data to 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. We regret the error.

Let's delve into the intricacies of property assessments and taxes, a topic that has Nova Scotians on edge as they grapple with the latest valuation notices. With residential property assessments in Halifax soaring by 17.5%, it's no wonder homeowners are anxious about potential tax hikes. We're joined by Jeff Cadell, Assistant Director at Property Valuation Services Corporation (PVSC), who sheds light on how these figures are calculated and what they mean for you. We also hear from Deputy Mayor Kathy Deagle-Gammon and Carolyn Bolivar-Getson, President of the Nova Scotia Federation of Municipalities, who discuss the balancing act of municipal budgeting and the impact on residents' lives. With the real estate market's temperature rising, understanding the appeal process and the cap program becomes crucial. This episode, brought to you by Saltwire, is not just about numbers—it's about the real-life consequences of a red-hot market and what it means for the future of your wallet. Tune in as Sheldon MacLeod guides us through the maze of millage rates and market values, and remember, it's more important now than ever to stay informed and engaged. Subscribe, add your comment, and join the conversation.