Deadlines ahead for two CBRM programs to assist ratepayers with property taxes
December 15, 2020
SYDNEY NS - Eligible residents are encouraged to apply for two property tax assistance programs before the end of the year.
The Property Tax Financing Program is available to owners of residential properties and commercial properties who have experienced financial hardship through loss of revenue related to the Covid-19 State of Emergency.
Owners of properties used for tourist accommodations, such as hotels, motels and bed and breakfasts, may also be eligible.
Approved applicants' tax payments will be spread out over 30 months. The first six payments will be $25 per month. The remainder of the tax bill will be divided by 24 to determine monthly payments. A low interest rate of 1.35 per cent will be applied to your monthly payments.
Another program for low income residents provides a $225 tax rebate. The Low Income Tax Exemption is available to residential property owners living in their own homes.
To be eligible, a resident's total household income must be less than the maximum income threshold as stipulated in the federal Guaranteed Income Supplement program. For 2020, the household income threshold is $24,576
Application forms for the Low Income Tax Exemption are available on the CBRM website and can be picked up at the Citizen Service Centre or through the mail by phoning 902-563-5025.
More information on both programs is available at:
Property Tax Financing Program:
Low Income Tax Exemption