By-law 113 Deed Transfer Tax By-law

Kings, Nova Scotia · adopted 2025-11-03

This is the exact embedded text of the captured official document. Snapshot 0234d94f058d · verified 2026-06-05 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

MUNICIPALITY OF THE COUNTY OF KINGS For By-Law information contact the Municipal Clerk Tel: (902) 678-6141 Fax: (902) 678-9279 E-mail: [email protected] BY-LAW #113 DEED TRANSFER TAX BY-LAW WHEREAS section 102 (1) Municipal Government Act, 1998 S.N.S. c.18, as amended, permits Council to determine, by by-law, that a Deed Transfer Tax applies in the Municipality and the rate of the Deed Transfer Tax; WHEREAS Part V Municipal Government Act, 1998 S.N.S. c.18, as amended, sets out the statutory and fundamental principles of the Deed Transfer Tax. Should any of the provisions contained herein be in conflict with any of the provisions contained in the Act, the Act shall supersede this By-law; WHEREAS section 102 (1) Municipal Government Act, 1998 S.N.S. c.18, as amended, provides that the rate of the Deed Transfer Tax shall not exceed one and one half per cent of the value of the property transferred; WHEREAS section 102 (2) Municipal Government Act, 1998 S.N.S. c.18, as amended, provides that a Deed Transfer Tax applies to the sale price of every property that is transferred by deed; and WHEREAS the Council of the Municipality of the County of Kings wishes to enact a Deed Transfer Tax By-law. NOW THEREFORE BE IT RESOLVED THAT the Municipality of the County of Kings hereby enacts as follows: 1. Citation This By-law shall be known as By-law 113 and may be cited as the Deed Transfer Tax By-law. 2. Definitions In this By-law: 2.1 "Municipality" means the Municipality of the County of Kings; 2.2 "Tax" means the Deed Transfer Tax; 3. Application 3.1 The rate of the Deed Transfer Tax in the Municipality of the County of Kings is 1.5 (One point Five) percent of the value of the property transferred. 3.2 Sections 102-110 of the Municipal Government Act apply to the Municipality. 4. Lien The Tax with interest and penalty constitutes a lien upon the property, that attaches on the date when the Tax is due and continues until discharged by payment. MUNICIPALITY OF THE COUNTY OF KINGS BY-LAW #113 cont'd 5. Severability If a court of competent jurisdiction should declare any section or part of a section of this By-law to be invalid, such section or part of a section shall not be construed as having persuaded or influenced Council to pass the remainder of the By-law and it is hereby declared that the remainder of the By-law shall be valid and shall remain in force. 6. Interpretation The clause headings in this by-law are provided for reference only and do not form part of the text of this By-law. 7. Collection The Registrar of Deeds shall be the agent and collector of the Deed Transfer Tax for the Municipality. 8. Effective Date This By-law will come into force and take effect on the date of its publication. By-law Adoption First Reading Notice of Second Reading Second Reading Notice of Passing Certified Copy to Minister October 7, 2025 October 11 & 17, 2025 November 3, 2025 December 13, 2025 December 15, 2025 By-law Amendments First Reading Notice of Second Reading Second Reading Notice of Passing Certified Copy to Minister