| Share | Rate | On $750,000 |
|---|---|---|
| General rate | 0.89% | $6,698 |
| Fire protection | 0.27% | $2,061 |
| Provincial education | 0.32% | $2,367 |
| Fire hydrants | 0.15% | $1,133 |
| Transit | 0.14% | $1,050 |
| Total | 1.77% | $13,310 |
| City | Rate | On $750,000 |
|---|---|---|
| Annapolis Royal | 1.76% | $13,200 |
| Glace Bay | 1.76% | $13,218 |
| North Sydney | 1.77% | $13,310 |
| Louisbourg | 1.79% | $13,439 |
| Port Hawkesbury | 1.8% | $13,500 |
On a $750,000 building, the deed transfer tax in North Sydney comes to $11,250, at the 1.5% 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 North Sydney, a triplex bought at $750,000 will then pay about $13,309 a year, whatever the seller's bill. Plexmeter compares the two and works out the year-2 cash flow.
North Sydney's rate is 1.77%. On a $750,000 plex that is $13,309 a year.
No. The assessment cap comes off at the sale: on the next roll the building is taxed on its market value.