Assessment Act (amended)

BILL NO. 150

(as introduced)

1st Session, 59th General Assembly
Nova Scotia
54 Elizabeth II, 2005

Private Member's Bill

Assessment Act
(amended)

Bill Estabrooks
Timberlea-Prospect

First Reading: April 18, 2005

(Explanatory Note)

Second Reading:

Third Reading:

Explanatory Note

This Bill amends the Assessment Act to provide that

(a) in calculating the taxable assessed value of property for the 2006-07 and 2007-08 municipal taxation years the percentage increase is to be the percentage increase in the Consumer Price Index; and (b) makes the provisions respecting taxable assessed value applicable to all residential property and to mobile home parks.

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 Subsection 34(1) of Chapter 23 of the Revised Statutes, 1989, the Assessment Act, is amended by adding "and Section 45A" immediately after "Section" in the first line.

2 (1) Clause 45A(1)(c) of Chapter 23 is repealed and the following clauses substituted:

(d) "prescribed percentage" for one or more successive municipal taxation years means, for the purpose of calculating the taxable assessed value of property for a municipal taxation year other than the 2005-06 municipal taxation year, the percentage increase as of December 1st in the immediately preceding municipal taxation year in the Consumer Price Index for Nova Scotia published by Statistics Canada relative to that Index as of December 1st in the year immediately preceding the base year or in the municipal taxation year of first assessment of new construction, as the case may be.

(2) Subsection 45A(2) of Chapter 23 is amended by

(a) striking out "and" at the end of clause (b); and

(b) adding immediately after clause (b) the following clauses:

(ba) residential property other than residential property referred to in clauses (a) and (b);

(bb) mobile home parks; and

(3) Section 45A of Chapter 23, as enacted by Chapter 10 of the Acts of 2004, is further amended by adding immediately after subsection (4) the following subsection:

(4A) For greater certainty, the taxable assessed value for a municipal taxation year, other than the 2005-06 municipal taxation year, is to be calculated without regard to the calculation of the taxable assessed value for the 2005-06 municipal taxation year and therefore the percentages prescribed pursuant to clause (be) of subsection (1) of Section 179 do not apply to the calculation of the taxable assessed value of property for any municipal taxation year other than the 2005-06 municipal taxation year.

(4) Clauses 45A(12)(b) and (c) of Chapter 23 are repealed.

(5) Section 45A of Chapter 23 is further amended by adding immediately after subsection (14) the following subsection:

(15) Notwithstanding subsection (14), clauses (2)(ba) and (bb) do not apply to the 2005-06 municipal taxation year but, notwithstanding clause (1)(a), the 2001-02 municipal taxation year is the base year with respect to property to which this Section would have first applied in the 2005-06 municipal taxation year if clauses (2)(aa) and (ab) applied to the 2005-06 municipal taxation year.

3 Clause 179(1)(be) of Chapter 23, as enacted by Chapter 10 of the Acts of 2004, is amended by adding "for the 2005-06 municipal taxation year" immediately after "45A" in the last line.

This page and its contents published by the Office of the Legislative Counsel, Nova Scotia House of Assembly, and © 2005 Crown in right of Nova Scotia. Created April 18, 2005. Send comments to legc.office@novascotia.ca.

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