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Residential Taxes in the Halifax Nova Scotia area
Property taxes in Halifax Regional Municipality (HRM) are calculated by
multiplying the tax rate by the assessed value. The assessed value is the
value put on the property by the Province and is not real estate value such
as Appraised Value or Market Value. The residential tax rate is a very complex
one and varies widely throughout metro. The way it works is that a basic
rate has been set for urban,suburban and rural properties. Each area then
pays additional taxes depending on the services they receive. The rate for
houses outside the urban area is less because they have less services. For
example the tax rate or Bedford as of January 2008 is $1.29 per $100 of
assessment compared to Halifax at $1.347 and Dartmouth at $1.333 per $100.
Halifax and Dartmouth have more services than Bed ford.. There can also
be differences in rates within communities depending on the services in
that particular part of the community. Some neighborhoods may have municipal
water for example and others might not. Tax rates have been either holding, dropping or rising only slightly but the assessed values have been increasing rapidly so the net effect is taxes have been increasing in HRM steadily for the past number of years.
Assessed value is theoretically market value but this seldom is the case. Assessments on houses in the metro area can be 100% of market value or as low as 50-75% of market value. On average count on the assessed value of a house being 75-80% of the sale price and you should be fairly close. The yearly taxes as of January 2008 on a home based on assessed value would be on average as follows:( This will vary from house to house).
Note: Tax rates taken from HRM 2007 approved tax rates. To view the actual broken down rates click here : 2007/2008 Property Tax Rates.
| House
Assessed Value |
Bedford
|
Halifax
Includes Clayton Park |
Hammonds |
Fall River | Sackville | Timberlea | Dartmouth |
| Rate per $100 |
$1.29 |
$1.347 |
$1.15 |
$1.15 |
$1.29 |
$1.29 |
$1.333 |
| $100,000 |
$1,290 |
$1,347 |
$1,150 |
$1,150 |
$1,290 |
$1,290 |
$1.333 |
| $125,000 |
$1,487 |
$1,683 |
$1,437 |
$1,437 |
$1,487 |
$1,487 |
$1,662 |
| $150,000 |
$1,935 |
$2,020 |
$1,725 |
$1,725 |
$1,935 |
$1,935 |
$1,995 |
| $175,000 |
$2,257 |
$2,357 |
$2,012 |
$2,012 |
$2,257 |
$2,257 |
$2,327 |
| $200,000 |
$2,580 |
$2,694 |
$2,300 |
$2,300 |
$2,580 |
$2,580 |
$2,660 |
| $220,000 |
$2,838 |
$2,963 |
$2,530 |
$2,530 |
$2,838 |
$2,838 |
$2,926 |
| $250,000 |
$3,225 |
$3,367 |
$2,875 |
$2,875 |
$3,225 |
$3,225 |
$3,325 |
| $300,000 |
$3,870 |
$4,041 |
$3,450 |
$3,450 |
$3,870 |
$3,870 |
$3,990 |
| $350,000 |
$4,515 |
$4714 |
$4,025 |
$4,025 |
$4,515 |
$4,515 |
$4,655 |
| $400,000 |
$5,160 |
$5,388 |
$4,600 |
$4,600 |
$5,160 |
$5,160 |
$5,320 |
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