Market Value Assessment
PROPERTY ASSESSMENT IS NOW DONE BY THE PROPERTY VALUATION SERVICES
CORPORATION. Effective April 1, 2008, responsibility for property assessment in Nova Scotia
transferred from Assessment Services to the Property Valuation Services Corporation (PVSC).
The PVSC is a municipally-owned, not-for-profit corporation that determines the market value of
properties as legislated by the Assessment Act. For more information please use the contact
In Nova Scotia property is assessed every year at Market Value. Market value is defined as an
estimate of what your property would sell for if a willing buyer purchased it from a willing seller,
after having been on the market for a reasonable period of time. Market value is recognized
internationally as being transparent, understandable and objective.
Assessors review and analyze all real estate transactions in Nova Scotia and where required,
may contact the purchaser or seller to confirm information pertaining to the sale. All sales,
which are “non-arms length”, that is, sales between related parties (i.e., family members),
motivated and duress sales, are excluded from this analysis.
Only arms-length sales, those sales between a willing buyer and willing seller which have been
exposed to the open market for a reasonable amount of time are used in the analysis to
establish market value for properties in Nova Scotia.
Your assessment is determined by experienced assessors who are trained to value property
based on a number of criteria. Assessors take into consideration measurable information such
as lot size, building size, age, and number of bathrooms. They also consider information
relating to location, depreciation, construction quality and architectural features. This process of
valuing properties provides consistency between your property and other similar properties in
Assessed values are established by analyzing sales of properties in your neighborhood to