© Emma Davie/CBC Residential assessments are up by 18.8 per cent in the town of Lunenburg. Residential property assessments are up significantly across Nova Scotia, particularly in municipalities with hot real estate markets. Residential assessments across the province increased by 10.8 per cent overall to $99.6 billion. The province does put a cap on assessments that limits the amount of the increase that can be taxed by municipalities. The current cap is based on the Nova Scotia consumer price index.

Source: CBC News January 22, 2022 16:44 UTC