New N.S. Tax Could Triple Bill For Out-Of-Province Homeowners
HALIFAX–THE NOVA SCOTIA ASSOCIATION OF REALTORS (NSAR) HAS SOME CONCERNS OVER A PROPOSED OUT-OF-PROVINCE HOMEOWNERSHIP TAX.
If passed, the tax would triple property taxes for those who own a home in Nova Scotia but live somewhere else.
Roger Boutilier, the CEO of the NSAR, says the organization’s approximately 1,900 partners have been getting a lot of questions about how the tax would impact people who own second homes here. They’re questions the NSAR can’t answer.
“It’s kind of frustrating, embarrassing that experts in the industry can’t answer their clients intelligently at this point,” Boutilier says. … [Read More]