For immediate release:
Deed Transfer Tax
At the Municipality of the District of Barrington Council meeting held on November 6, 2017, Council gave second and final reading to the adoption of a Deed Transfer Tax By-law.
Council has been discussing many infrastructure projects over the past year and agreed that there was a need to generate additional revenue in order to complete future projects.
Councillors recently received an engineering report that suggests the Recreation Building should be replaced, and significant improvements made to all other Municipal Buildings. In addition to these projects, Council has also been discussing the addition of user facilities at some of our beaches, and the further development of commercial property now that all current lots have been sold in the business park.
Warden Nickerson stated, “Council held a public hearing, spoke with many citizens, and spent a lot of time on this discussion, and it was important to do so. At the end of the day, all of Council recognizes the need to continue to develop and maintain our assets. The Deed Transfer Tax will allow us to move on a number of projects that we have been putting off for too long.”
This by-law provides for a tax of 1.5 % to be levied on the transfer of real property which is payable at the time of conveyance of the title. The Deed Transfer Tax is paid at the Land Registration Office when the property is being registered.
This by-law may be inspected at the Municipal Office, in the Administrative Centre, located at 2447, Highway 3, Barrington, N.S., between the hours of 8:30 a.m. and 4:30 p.m., Monday to Friday.
Collection of the Deed Transfer Tax will commence January 1, 2018.
Warden Eddie Nickerson
Rob Frost, CAO