Property costs continue to climb

Darrell
Darrell Cole
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Assessments rising across Cumberland

Property assessments across northern Nova Scotia, including Cumberland County, are continuing to increase. Total assessment in the region is $18 billion.

AMHERST – Owning property in Cumberland County is getting more expensive.

Figures released by the Property Valuation Services Corporation indicate the cost of owning residential and commercial properties in the area is going  up as assessments continue to increase.

“Across Nova Scotia the overall property assessment base has grown by $5.5 billion. This can be attributed to market growth and new construction,” corporation spokesman Philip Schofield said Tuesday. “The total assessment roll across the province has grown to $95 billion, including $74 billion in residential and $21 billion in commercial assessment.”

All property assessments for 2013 are based on market value as of Jan. 1, 2011.

The provincial capped assessment program rate, set by the annual increase to the consumer price index, is 1.4 per cent.

The figures show residential assessment in the Municipality of Cumberland has increased 10.7 per cent to $1.7 billion, while commercial assessment is up 1.2 per cent to $247 million.

In Amherst, residential assessment has climbed by 3.6 per cent to $404 million with commercial assessment going up 1.2 per cent to $180 million. Springhill’s residential assessment is up by just .71 per cent to $101.6 million, while commercial assessment is up 3.7 per cent to $74 million.

Parrsboro’s residential assessment climbed to $65 million, an increase of 7.23 per cent, while the commercial assessment jumped by .8 per cent to $15.3 per cent. Oxford’s residential assessment is up 2.2 per cent to $47.2 million, while its commercial assessment is at $43 million – an increase of .5 per cent.

In the northwest region, that includes Cumberland, Colchester, Annapolis, Hants and Kings counties, assessment is up to $18 billion with residential assessment climbing from $13.7 billion to $14.8 billion and commercial assessment going up to $3.47 billion from $3.3 billion.

Municipalities use the assessment roles as part of the process for setting property taxes in the spring.

Property Valuation Services has also launched a new website at www.pvsc.ca, providing property owners with easier access to assessment information. Property owners can use their assessment account number and PIN access number to view detailed information on their individual property by accessing their ‘My Property Report.’

For more information, call 1-800-380-7775.

The appeal period for this year has been extended to 31 days. Property owners who wish to appeal their assessment have until midnight Feb.1 4 to file an appeal.

dcole@amherstdaily.com

Organizations: Property Valuation Services

Geographic location: Cumberland County, AMHERST, Nova Scotia Oxford Colchester Annapolis Kings

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Recent comments

  • Russell Scott
    January 16, 2013 - 11:38

    This is simply amazing, our Polititians think that our properties values should go up based on the market value in Jan 1 2011? That was two years ago, I would like someone to explain to us why they should go up? In the article it states they contribute the increase to market growth and new construction, if this is the case shouldn't our taxes be going down if the Gov't has has a bigger tax base? We are being over taxed by all levels of Gov't!! I wish we had polititians that would stand up for us just once and stop stealing our money to increase their spending habbits!

  • Dave
    January 16, 2013 - 11:29

    Yes Roadway Lighting is a success. How ever with over 35000 people in the county plus the people who come to work from N.B. WE could us about 10 Roadway Lighting's in the county. There have been a lot more jobs that have left the county than Roadway Lighting has created.

  • gary babineau jr
    January 15, 2013 - 21:59

    go too ****.

  • sparky
    January 15, 2013 - 21:09

    This is amazing, considering that the housing market in amherst appears to be pretty much stagnant. I have seen the same houses on the market for a long period of time now. This almost looks likes the government is creating a bubble to fill the shortfall in income tax revenue and transfer payments. JMO

  • Dave
    January 15, 2013 - 19:56

    The provincial government has spent no money an Cumberland County in the past 3 years . The assessments keep going up and house values are going down. I live in River Hebert If I went to sell my house, I would have to sell it for $20 thousand less than the assessment. $10 thousand less than I paid for it 13 years ago and I have done $35 thousand in renovations .The lack of work in the town and County is not helping housing prices in the whole County. Go to the MSL listings and look at the houses for sale in the County. Some have been for sale for years. The way things are going in the County and province we will all be moving to Alberta in the next 10 years. I strongly believe we should get the government to do a study ,to see how much it would cost to move all of us in the rest of the province to Halifax.

    • jeremy
      January 16, 2013 - 09:44

      What about LED Roadway Lighting? My cousin works there and it sounds like a success.