| Share | Rate | On $750,000 |
|---|---|---|
| General rate | 1.88% | $14,100 |
| Total | 1.88% | $14,100 |
| City | Rate | On $750,000 |
|---|---|---|
| Port Hawkesbury | 1.8% | $13,500 |
| Bridgewater | 1.85% | $13,875 |
| New Glasgow | 1.88% | $14,100 |
| Stellarton | 1.88% | $14,100 |
| Oxford | 1.89% | $14,175 |
On a $750,000 building, the deed transfer tax in New Glasgow comes to $7,500, at the 1.0% rate the municipality sets on the price paid. Each municipality sets its own, capped at 1.5% by law.
A buyer who does not live in Nova Scotia adds 10% of the higher of the price and the assessment: $75,000 more on the same triplex. A fourplex is exempt, and a buyer who becomes a resident within a year is exempt too.
In Nova Scotia, the assessment of a building with fewer than four units owned by a resident rises only with inflation: 2.6% in 2026. After years it sits far below market value, and so does the tax bill shown in the listing.
The cap comes off at the sale: on the next roll the building is taxed on its value. In New Glasgow, a triplex bought at $750,000 will then pay about $14,100 a year, whatever the seller's bill. Plexmeter compares the two and works out the year-2 cash flow.
New Glasgow's rate is 1.88%. On a $750,000 plex that is $14,100 a year.
No. The assessment cap comes off at the sale: on the next roll the building is taxed on its market value.