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Property Assessment Process

Nova Scotia property assessments are determined by PVSC assessors trained to value all types of property.

We assess property at market value, which is the amount that a willing seller would receive if the property were purchased by a willing buyer on the open market as of the 'base date' - January 1 one year prior to the date the assessment notice is mailed.

2021 assessments reflect market value as of January 1, 2020 (the 'base date'), based on market value sales and financial data from the full 2019 calendar year (January 1, 2019 to December 31, 2019).

Property assessments also account for the physical state of a property, including new construction, renovations and demolitions, as of the 'state date' - December 1 the year prior to the date the assessment notice is mailed. 2021 assessments reflect the physical state of a property as of December 1, 2020 (the 'state date').

*Please note: This year's assessments pre-date the start of the COVID-pandemic in Nova Scotia. All 2020 market activity and financial data, including any COVID-related impacts, will be reflected in 2022 property assessment values.

2021 Property Assessment Timeline:

Assessment-Timeline-for-Website_01-08-2020

In order to assess property, PVSC assessors collect and review data from all property sales transactions in Nova Scotia. This allows us to analyze sales, identify trends, and look at comparable properties. We also collect and review data from a variety of other sources, including consultation with property owners and agents, building permits, income and expense surveys, building cost data, aerial photography and field inspections.