For over 20 years, the Town of Yarmouth has offered a property tax exemption for low-income earners. The exemption is being offered again this year, but some changes were recently made to the Property Tax Exemption Policy. Read to learn more.
Please note the following if you plan to apply for an exemption:
1. The exemption is only available for property owners where the property is a single-family dwelling unit which they occupy as their primary residence.
2. The property owner’s previous year’s taxes must be paid in full at the time of their application.
3. To be eligible, the applicant’s income (line 15000 of their Notice of Assessment from Revenue Canada Agency), and total income of ALL persons residing in the household (excluding War Veterans Allowance) for 2023 must fit into one of the following:
- Less than $25,000.00 – tax exemption = $750.00
- More than $25,000.00, but less than $29,000.00 – tax exemption = $350.00
- More than $29,000.00, but less than $39,000.00 – tax exemption = $200.00
Applicants must provide a copy of their 2023 Notice of Assessment from Revenue Canada, as well as copies of the 2023 Notice of Assessments from Revenue Canada from all persons living in the household.
The Property Tax Exemption Policy and application are available at Town Hall, and a PDF version can be downloaded by clicking here. Applications for the 2024/25 tax year must be filed at the Town of Yarmouth’s office by 5 pm on Friday, August 2, 2024. The application MUST be signed by you as the property owner, as well as a witness. Please forward to: Town of Yarmouth, 400 Main Street, Yarmouth NS, B5A 1G2.
For more information, please contact our tax department at 902-742-2521, ext 226.