Nova Scotia property assessments are determined by highly professional and experienced PVSC assessors. Our assessors are trained to value all types of property.
We assess properties at market value, which is the amount, you, a willing seller, would receive for your property if it were purchased from a willing buyer on the open market as of the ‘base date’. The base date is January 1st two years prior to the date the assessment notice is mailed. For 2016 assessment notices the base date is January 1, 2014.
Your assessment reflects the physical state of your property as of December 1, for the year prior to the date printed on your assessment notice. For example: for 2016, your assessment reflects the physical state of your property as of December 1, 2015.
In order to assess your property, data is collected and maintained regarding all property sales transactions (i.e., property bought and sold), which enables assessors to analyze sales, identify trends, and look at comparable properties.
Other data collected in order to accurately assess your property may include:
- Property improvements via building permits and neighbourhood inspections
- New construction