The Province of Nova Scotia and the Nova Scotia Federation of Municipalities partnered to announce a new financing program for those who have been impacted by COVID-19 valued at $380 million. In response, Council adopted the pdf COVID-19 Property Tax Financing Program Policy (212 KB) which will allow for a one-time property tax financing program for qualifying owners of residential and commercial properties that have been negatively affected by the global pandemic.
Residential property owners who have experienced a significant reduction in income or rental income due to the State of Emergency declared in response to COVID-19 who are able to provide supporting documentation (as laid out in Section 4 of the pdf Policy (212 KB) ) along with those who own property and are a registered Tourism Operator with Tourism Nova Scotia for the 2019 tourist season (excluding Airbnbs) may qualify.
Commercial property owners, with a total taxable 2020 property assessment equal to or less than $4,000,000, whose business or building located on the property experienced financial hardship through loss of revenue related to the State of Emergency may also qualify with supporting documentation. Further information on qualifications for commercial property owners can be found in Section 4.b. of the pdf Policy (212 KB) .
Exclusions, General Requirements, Tax Installment Information, Terms of the Program and General Provisions related to the Program can be found in Sections 5 through 9 of the pdf Policy (212 KB) .
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