Government of Nova Scotianovascotia.ca
gov.ns.caGovernment of Nova Scotia Nova Scotia, Canada
 
Municipal Affairs
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Indicator Definitions

Each indicator has a technical definition that describes how it was calculated. The definition explains the meaning of key terminology and what the indicator is measuring. It provides information to consider when interpreting the indicator results and other indicators that measure similar aspects of a municipality's performance.

Select an indicator to display the technical definition:

 

Reliance on Single Business/Institution (%)

Threshold

10% or less

Formula

Taxable assessment value of the largest business or institution ÷ Uniform assessment

Technical Definition

Taxable assessment value of the largest business or institution: Total assessed or capitalized value of the property or properties belonging to the largest business or institution in the municipality.

Uniform assessment: Sum of all taxable assessment plus the capitalized value of all grants or payments received in lieu of taxes.

Rationale

This indicator shows how much a municipality’s tax base depends on a single commercial or institutional account. Financial organizations such as the Government Finance Officers Association recommend that municipalities are aware of any reliance on a single industry or employer when making financial plans including budgeting and establishing reserves.

Interpretations

A low percentage indicates that the municipality may not rely on a single business or institution for a large part of its tax revenue.

A high percentage indicates that the municipality may have a greater reliance on a single business or institution for its tax revenue. Often a large tax account will be a key part of the local economy, so a major operational change or business closure can have a significant impact on the municipality and the community’s economic health.

Data Source(s)

  • Municipal Affairs calculation of uniform assessment
  • Property Valuation Services Corporation (PVSC) data

Related Indicator(s)

  • Uncollected Taxes
  • 3-Year Change in Tax Base
  • Tax Base per Dwelling Unit
  • Commercial Property Assessment