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Finance

The Finance Department is responsible for coordinating all the financial activities of the Municipality. The major areas of responsibility of the department are property taxation, other source revenues, accounts payable, payroll, budgeting, accounting and financial management. The staff of the department comprises of a Financial Assistant, Accounts Payable/Payroll Clerk, Property Tax Clerk, Accounting/Finance Officer and Finance Manager. The Finance Department is located on the main floor of the County Courthouse, 1 Church Street, Truro. You can call the department at 897-3150, contact them at This email address is being protected from spambots. You need JavaScript enabled to view it., fax at 843-4067, or drop by the office.

Payroll

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.

Accounts Payable

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.

Accounting

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

The Municipality's tax bills are issued early in June of each year and are due on the second Thursday of August. All taxes not paid by the due date accrue interest at a rate of 15% per annum. This annual tax bill is for the period spanning April 1 through March 31. The Municipality sends out approximately 25,000 annual tax bills with reminder notices going out in September, January, and March. If you have any questions in regards to your bill, please call 897-3150, send a fax to 843-4067 or contact This email address is being protected from spambots. You need JavaScript enabled to view it. .

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

The 2017-2018 Residential/Resource tax rate in Colchester County is $0.87 per $100 of assessed value.  The Commercial/Business Occupancy tax rate for 2017-2018 is $2.27 per $100 of assessed value.  The majority of properties in Colchester also attract tax rates.  Please contact This email address is being protected from spambots. You need JavaScript enabled to view it.  if you have any questions in regard to the tax rate or area rate that apply to your property.