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Rates and Finances

Rates and Finances

Property taxes


Kentville residential property owners pay $ 1.537 per $100 of assessment, which is made up of the following rates:

  • Residential Municipal Mill Rate ($1.0386)
  • Provincial Mandatory Rate ($0.3886)
  • Hydrant Area Rate ($0.0762)
  • Fire Area Rate ($0.0319)
  • Economic Development Rate ($0.0017)

Commercial property owners pay $3.5242 per $100 of assessment, which is made up of the following rates:

  • Commercial Municipal Mill Rate ($2.9243)
  • Provincial Mandatory Rate ($.03886)
  • Hydrant Area Rate ($.0762)
  • Fire Area Rate ($.0319)
  • Economic Development Rate ($.1032)

Business Park property owners pay $ 2.4691 per $100 of assessment, which is made up of the following rates:

  • Business Park Municipal Mill Rate ($2.287)
  • Hydrant Area Rate ($.0762)
  • Fire Area Rate ($.0319)
  • Economic Development Rate ($.074)

Utility rates

Utility bills for water and sanitary sewer usage are issued quarterly. Rates for water supply are regulated by the Nova Scotia Utility and Review Board. Rates for sanitary sewer services are ratified by Kentville Town Council. For current rates for each of these services, click here.

Budgeting

Every year, Kentville must balance the town’s operating budget (day-to-day services). All anticipated expenditures must be accounted for. This requirement is provincially-legislated, and the town cannot incur a deficit to fund these operations. The town uses a variety of revenue sources to pay for a wide range of services that residential and corporate citizens depend on and use regularly. The major revenue sources that are used to pay for day-to-day services include:

  • property tax
  • utility user fee (sewer and water charges)
  • other user fees (recreation passes/registrations/facility rentals)
  • permits and licensing fees (building permits, taxi licenses, tax information, etc.)

The town also has access to other forms of funding—which are generally used for capital projects—such as:

  • grants from provincial and federal governments and their agencies
  • proceeds from borrowing long-term
  • reserve funds (savings built up over time)

Understanding the Graphs

Where the Money Went:

The pie graphs below show the Town's expenses for the 2019-2020 (current) year, and the 2018-2019 (previous) year.  The outer circle shows the current year, and the inner circle shows the previous year.  For example, in 2018-2019, 11.3% of the budget was spent on Administration, and in 2019-2020 11.5% of the budget was spent on Administration.  

Where the Money Came From:

The stacking bar graphs below show the Town's revenue for this year and the previous year.  Each section of the bar graph shows the percentage of the revenue sources.  For example, the largest percentage of the Town's revenue came from taxes (light blue bar), which were 71.7% in 2018-2019, and 72.2% in 2019-2020 (the current year).

 

 

Financial Documents

7 Documents