New non resident property taxes in Nova Scotia forcing tough decisions on homeowners
Michelle Keall says she is considering selling her home in Nova Scotia because of the provincial government’s new tax on“I feel like I’m being penalized,” Keall said in an interview Monday, adding that she expects to have to pay an extra $9,000 a year to keep the home.Keall was born and raised in Bridgewater, N.S., and moved to Ontario 25 years ago. She purchased a house in Queens County in 2014. Now retired, Keall spends five to six months out of the year in Nova Scotia.
The property tax, however, doesn’t apply to buildings with more than three units or to those rented to Nova Scotia residents year-round. Halifax’s vacancy rate hit 1.9 per cent in 2020, and it was at just one per cent the year before. In 2021, Nova Scotia’s Affordable Housing Commission said the situation was “at a breaking point.”Story continues below advertisement
Claire Scheuren, an Arizona woman who has owned property on the southeast coast of Cape Breton since 2007, says she supports Nova Scotia’s efforts to increase revenue, but she says these new taxes seem “counterproductive.”Scheuren said in an interview Monday, reached at her house in Cape Breton. “But this particular strategy doesn’t sound effective.”Scheuren doesn’t think the province should discourage out-of-town residents like her who are contributing to the local economy.
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