Property owners across the province will begin receiving their 2026 Assessment Notices by mail in the coming days.
Assessments are conducted annually by Property Valuation Services Corporation (PVSC), the province’s independent, municipally funded, not-for profit assessment authority. Values reflect market conditions as of January 1, 2025, and the physical state of each property as of December 1, 2025, including any renovations or demolitions.
This year’s Assessment Roll reaches $206.3 billion - a growth of 8% over last year.
“The 2026 Roll reflects steady growth across residential and commercial markets in Nova Scotia,” says Charlene MacNeil, Director of Assessment. “Smaller, affordable options such as manufactured homes remain strong, while industrial parks and vacant land lead commercial growth. Apartments, condominiums, and other multi-unit properties - such as duplexes - are also experiencing notable growth, driven by new construction provincewide.”
The Capped Assessment Program (CAP) rate is 2.6%, up from 1.5% last year. Approximately 72% of residential properties - 416,847 accounts - qualify for the CAP, which limits the amount the taxable assessed value can increase year over year.
PVSC representatives and assessors are available to answer property owner questions at 1-800-380-7775 or inquiry@pvsc.ca. For more information, visit pvsc.ca.
