The Finance Department administers the payroll for 12 elected officials and 112 municipal employees. Of the 112 employees, 62 are unionized and 50 are non-union or management. Payroll is processed bi-weekly and the Municipality uses direct deposit to pay its elected officials and employees.
On an annual basis the department processes 7,500 invoices and issues approximately 5000 cheques. All invoices must be approved by the appropriate departmental employee or manager and the Director of Corporate Services. All cheques must be signed by the Mayor or Deputy Mayor and countersigned by the Chief Administrative Officer or Director of Corporate Services. Cheques are produced every Thursday and mailed to vendors on Fridays.
The Finance Department must ensure the Municipality's general Books of Accounts (accounting information) are kept in accordance with GAAP (Generally Accepted Accounting Principles) and the Municipal Accounting and Reporting Manual. The Finance Department is responsible for accurate financial reporting and for timely presentation of financial information to Management and Council. Annual external financial statements are prepared, and then audited by an independent Registered Municipal Auditor for the Province of Nova Scotia. The Municipality's fiscal year is from April 1 to March 31.
Land Transfer Tax
The Municipality of Colchester has a Deed Transfer Tax of 1.0% of the value of the property transferred. The Deed Transfer Tax is now collected on the Municipality's behalf by the Province at the Registry of Deeds located at 136 Esplanade, Truro.
Property Tax Billing and Interest Rates
Tax Payment Methods
Tax payments may be made at the Municipal Tax Office at 1 Church Street, Truro by presenting your tax bill to the cashier between 8:30am and 4:30pm Monday to Friday. We have an Interac Machine and can accept Debit Card payments. You can also mail your payment by sending a cheque or money order to: Municipality of Colchester, 1 Church Street, Truro, NS, B2N 3Z5. Please remember to enclose the remittance stub of your tax bill with your payment and indicate your property number on your cheque or money order. Tax payments can be made at most financial institutions and ATM's. You must enclose your remittance stub from your tax bill with these payment options. PC and telephone banking are also alternative methods available for paying your tax bills through most financial institutions. Please click here to view the list.
Tax and Area Rates