The Town of Wolfville issues property tax bills twice a year. The tax year covers the fiscal period of April 1st to March 31st. The first interim tax bill is sent out the end of April and is due the end of May. The second and final bill is sent out in in August and is due the end of September. Overdue bills shall incur a monthly interest charge of 1.25%.
Tax Calculation: Taxes are based on the taxable assessed value of the property multiplied by the tax rate. In addition, the Town levies a Fire Protection Rate on all town properties. This rate is usually set in July. There is also a Business Development Area Rate that is assessed on all taxable commercial assessments. This is collected on behalf of the Wolfville Business Development Corp.
Assessed Value The taxable assessed value is determined by Property Valuation Services Corporation (PVSC). They are a not-for-profit organization responsible for assessing all properties in Nova Scotia as mandated under the Nova Scotia Assessment Act. You should receive an assessment notice from PVSC every January. You have the option to appeal your assessment. Please remember your appeal must be received at the PVSC office within 21 days of the date of service on your notice. Simply follow the instructions on your assessment notice. Please note that only your market value assessment can be appealed. If you have questions regarding your assessment value please visit PVSC website or contact them at 1-800-380-7775.
Council determines the property tax rate each year during the annual budget approval process.
2017/18 Tax Rates (per $100 of Assessment)
Fire Protection Rate: $0.058
Business Development Area Rate: $0.31
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Property Tax Sale: The Municipal Government Act states that any property that has taxes outstanding for more than one year is eligible for a tax sale auction. It is mandatory for the Town of Wolfville to attempt to notify the owner as well as all lien holders of the property regarding the pending sale. If the taxes remain unpaid, the property is advertised in the local paper prior to the tax sale.
A tax sale is a public auction with the successful bid being the highest bid at or above the advertised price. The advertised price is the total of all outstanding taxes, lienable charges, penalties, interest, and tax sale costs.
If the property has more than six years of outstanding taxes, the successful bidder will receive a Tax Sale Deed and become the new owner of the property. If the property is less than six years in arrears a Certificate of Sale is issued to the successful bidder and the owner or lien holder will have six months to redeem the property. Only at the end of the redemption period, if the property has not been redeemed, will title pass to the successful bidder.