Thursday, May 21, 2020
The Department of Municipal Affairs and Housing has put in place regulations to provide clarity on what a short-term rental is for property taxation purposes under the Assessment Act. This applies to tourism accommodations including traditional Bed & Breakfasts and Air B&Bs.
The Assessment Act outlines the way short-term rentals are assessed by the Property Valuation Services Corporation. The regulations state that an accommodation with four or fewer bedrooms will be classified as residential for taxation purposes. The room limit applies to rentable bedrooms on an assessable property.
Read the regulations: https://www.novascotia.ca/just/regulations/rg2/2020/RG2-2020-05-08.pdf#page=22
Please note that Section 47A of the Assessment Act and the accompanying regulations classify properties for the purposes of property taxation only and do not impact municipal zoning.
If you have questions about the regulations, please contact the Department of Municipal Affairs and Housing at 902-424-6642.
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