Capped Assessment Program (CAP)

In Nova Scotia, provincial legislation limits, or 'caps', the annual increase in taxable assessment for eligible residential properties. If your property is eligible for the Capped Assessment Program (CAP), your annual Assessment Notice will include a 'Capped Assessment' value.

*Please note: if your property's assessed value is lower than its capped assessment, the 'Capped Assessment' fields on your Property Assessment Notice will appear blank.

The CAP rate is based on the Nova Scotia Consumer Price Index (CPI). The CPI rate is calculated by Statistics Canada, from October to October, and published in November each year.

The CPI rate published in November 2021 was 5.4%. This rate has been confirmed by the Nova Scotia Department of Municipal Affairs and Housing.

More information on Nova Scotia's CPI can be found at: Nova Scotia Department of Finance - Statistics.

Annual CAP rates:

2022 = 5.4%                              2016 = 0.3%

2021 = 0.3%                              2015 = 2.1%  

2020 = 1.0%                              2014 = 0.9%

2019 = 2.9%                              2013 = 1.4 %

2018 = 0.9%                              2012 = 3.9 %

2017 = 1.4%                              


Eligibility Criteria

The provincial CAP legislation states that if you purchase a property and the ownership does not stay within your family (i.e. transferred to a spouse, child, grandchild, great grandchild, parent, grandparent, brother or sister), your property assessment will not be capped.


  • At least 50% owned by a Nova Scotia resident 
  • Residential property with less than four dwelling units or vacant resource. 
  • Annual assessed value greater than the annual capped assessment.
  • Ownership remained within the family. 
  • Owner occupied condominium. 
  • Manufactured home.
  • Manufactured home park, co-operative housing, residential or resource portions of commercial farm.

Not Eligible 

  • Majority owned by an out of province resident.
  • Commercial property.
  • New construction.
  • Transfer in ownership during the year unless to a close family member.
  • Non-owner occupied condominium.