Resolution: Capped Assessment Program (CAP)
WHEREAS the CAP program distorts the property tax system; and
WHEREAS it is not clear the homeowners most in need of property tax relief are the ones benefitting from the CAP program; and
WHEREAS municipalities are willing to offer pilot programs that will continue to meet the original objectives of the CAP program though a different approach; and
WHEREAS pilot programs can be evaluated to determine intended and unintended impacts of changes; and
WHEREAS a study on Municipal Property Taxation in Nova Scotia, by academic experts Harry Kitchen and Enid Slack recommended a phase-out of the CAP program;
THEREFORE BE IT RESOLVED the Province work with municipalities and other stakeholders to phase out the CAP program and provide better alternatives to protect low-income homeowners and those experiencing significant increases in residential property assessments; and
FURTHER BE IT RESOLVED that the Province enable pilot projects to be undertaken as soon as possible.