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Property Classifications

The Nova Scotia Assessment Act categorizes all properties into one of three possible classes. Classification is based on a property’s use, or intended use and whether it meets the requirements for the class as specified by the Assessment Act.

The three property classes are:

  1. Residential - includes single-family residences, multi-family residences, duplexes, apartments, condominiums, nursing homes, seasonal dwellings, manufactured homes and vacant residential land.

  2. Resource - includes farm property (land and building used for agricultural purposes), forest property totaling less than fifty thousand acres, land of a municipal water utility (excluding the structure), community fishermen’s service buildings occupied and used by boat owners who are licensed commercial fishermen and the land used in connection with that use.

  3. Commercial - includes all property except residential property and resource property. Forest property that is owned by a person who owns fifty thousand acres or more is included in the commercial classification. 

Multiple Classifications

It is possible for a property with several distinct uses to fall into more than one classification. For example:

  • Commercial and residential space might be combined in one building. 
  • A property may also be a combination of residential, farm and forestland.

In these cases, we determine the share of the value of the property attributable to each class.