BILL NO. 99
(as introduced)
2nd Session, 58th General Assembly
Nova Scotia
50 Elizabeth II, 2001
Assessment Act (amended)
Bill Estabrooks
Timberlea-Prospect
First Reading: November 19, 2001
Second Reading:
Third Reading:
Explanatory Note
This Bill fixes the assessed value of certain properties at the value appearing on the assessment roll for the year 2001 and requires the appointment of a select committee to receive public comments on the assessing of properties owned by residents of the Province.
An Act to Amend Chapter 23
of the Revised Statutes, 1989,
the Assessment Act
Be it enacted by the Governor and Assembly as follows:
1 Section 42 of Chapter 23 of the Revised Statutes, 1989, the Assessment Act, is amended by adding immediately after subsection (3) the following subsections:
(a) the market value of the property has increased due to improvements made to the property by the person to whom it is assessed; or
(b) the property is sold after April 1, 2001.
2 The House of Assembly shall appoint a select committee to review the question of assessment at market value as it relates to properties owned by residents of the Province.
3 The committee appointed pursuant to Section 2 shall
(a) seek public input from all regions of the Province;
(b) make recommendations to protect residents of the Province from rapidly increasing property assessments due to changing market conditions; and
(c) report to the House of Assembly within six months of the coming into force of this Act.
4 This Act has effect on and after December 1, 2001.
This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2001 Crown in right of Nova Scotia. Created November 20, 2001. Send comments to legc.office@gov.ns.ca.
