Budget 25/26

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Wolfville holds tax rate with approved budget

Wolfville, NS – Wolfville’s new budget received unanimous support at a special meeting of Council on Tuesday, April 1. The new operating budget has revenue and expenditures in the amount of $16,388,511.

Council held the residential tax rate at $1.4655 per hundred dollars of assessment and the commercial tax rate also stayed at $3.5655 per hundred dollars of assessment.

The Town’s Capital Budget was approved with Year 1 totaling $9,275,085, including capital reserve funding of $2,887,025, operating reserve funding of $215,800, long-term debt funding of $1,902,860, Active Transportation Grant funding of $620,800, Investing in Canada Infrastructure Program (ICIP) funding of $3,483,200, and other grant funding of $105,400.

The business development area rate was also held at $0.23 per $100 of tax assessment, while the fire protection area rate saw a small increase of $0.0007 per $100 of tax assessment bringing the 2025/26 fire protection rate to $0.0562 per $100 of tax assessment.

The Low-Income Property Tax Exemption also increased from $45,000 to $46,500 providing a maximum tax exemption of $1,065 to qualifying households.

“The passage of this year's municipal budget represents a critical investment in the safety and well-being of our community,” said Wolfville Mayor, Jodi MacKay. “With a strong focus on enhancing public safety, and modernizing infrastructure, we are taking steps to ensure that our Town remains a safe, vibrant place to live, and work. We are well poised to set our Budget and Operations plan into action to ensure our residents are seeing their tax dollars are working for them.”

The budget also provided financial support for Acadia scholarships, Events Acadia and $40,000 for the Wolfville Legion. Two new staff positions were also approved for the Town.

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Property taxes (Municipal taxes) fund many essential services, like policing and fire services, street, sidewalk and sewer maintenance, snow removal and more. Property taxes also fund recreation programs, pay for our parks, trails, and events.

Each year, Council determines the annual property tax rate during the annual budget approval process. The tax rate is determined by how much money it takes to fund the programs and services provided by the Town (Capital and Operations budgets) divided by everyone's assessed value. Your property tax rate is calculated as per $100 of your property assessment and your property is assessed by the Property Valuation Services Corporation.

The Town calculates your property taxes from your assessed value and the municipal tax rate.

Council's process

Council is now starting the lengthy process to develop our 25/26 budget. Council will be considering the programs and services they want and need to provide as well as the resources required to do so.

While Council have had numerous conversations with the director of finance and other staff to develop the version 1 draft, these are early days and many changes can and will still be made.

Your input

For community members, this is a time to follow along. You can review the budget reports and documents, make suggestions and attend a public presentation of the final version of the budget in the months to come.

Once Council has decided what programs and services they are offering, and once they are clear on how much this will cost, they set the budget and determine the tax rate.

How does PVSC value your home? Check out this short video to learn more:


Wolfville holds tax rate with approved budget

Wolfville, NS – Wolfville’s new budget received unanimous support at a special meeting of Council on Tuesday, April 1. The new operating budget has revenue and expenditures in the amount of $16,388,511.

Council held the residential tax rate at $1.4655 per hundred dollars of assessment and the commercial tax rate also stayed at $3.5655 per hundred dollars of assessment.

The Town’s Capital Budget was approved with Year 1 totaling $9,275,085, including capital reserve funding of $2,887,025, operating reserve funding of $215,800, long-term debt funding of $1,902,860, Active Transportation Grant funding of $620,800, Investing in Canada Infrastructure Program (ICIP) funding of $3,483,200, and other grant funding of $105,400.

The business development area rate was also held at $0.23 per $100 of tax assessment, while the fire protection area rate saw a small increase of $0.0007 per $100 of tax assessment bringing the 2025/26 fire protection rate to $0.0562 per $100 of tax assessment.

The Low-Income Property Tax Exemption also increased from $45,000 to $46,500 providing a maximum tax exemption of $1,065 to qualifying households.

“The passage of this year's municipal budget represents a critical investment in the safety and well-being of our community,” said Wolfville Mayor, Jodi MacKay. “With a strong focus on enhancing public safety, and modernizing infrastructure, we are taking steps to ensure that our Town remains a safe, vibrant place to live, and work. We are well poised to set our Budget and Operations plan into action to ensure our residents are seeing their tax dollars are working for them.”

The budget also provided financial support for Acadia scholarships, Events Acadia and $40,000 for the Wolfville Legion. Two new staff positions were also approved for the Town.

-30-




Property taxes (Municipal taxes) fund many essential services, like policing and fire services, street, sidewalk and sewer maintenance, snow removal and more. Property taxes also fund recreation programs, pay for our parks, trails, and events.

Each year, Council determines the annual property tax rate during the annual budget approval process. The tax rate is determined by how much money it takes to fund the programs and services provided by the Town (Capital and Operations budgets) divided by everyone's assessed value. Your property tax rate is calculated as per $100 of your property assessment and your property is assessed by the Property Valuation Services Corporation.

The Town calculates your property taxes from your assessed value and the municipal tax rate.

Council's process

Council is now starting the lengthy process to develop our 25/26 budget. Council will be considering the programs and services they want and need to provide as well as the resources required to do so.

While Council have had numerous conversations with the director of finance and other staff to develop the version 1 draft, these are early days and many changes can and will still be made.

Your input

For community members, this is a time to follow along. You can review the budget reports and documents, make suggestions and attend a public presentation of the final version of the budget in the months to come.

Once Council has decided what programs and services they are offering, and once they are clear on how much this will cost, they set the budget and determine the tax rate.

How does PVSC value your home? Check out this short video to learn more:


Page last updated: 02 Apr 2025, 04:28 PM