How are Taxes Calculated - Tax Rates

Property Tax - Mill Rates

Property taxes are calculated by applying municipal and school mill rates against the portioned assessment of your property. By definition, a mill is a one-thousandth part. For calculating taxes, one mill represents $1.00 of taxes for every $1,000.00 of portioned assessment.

Example:

Portioned Assessment	x	Municipal Mill Rate 1000	=	Municipal Taxes
				+
Portioned Assessment	x	Provincial Education Mill Rate 1000	=	Provincial Education Taxes
				+
Portioned Assessment	x	School Division Mill Rate 1000	=	School Division Taxes
				+
				Local Improvements
				=
				Total Current Taxes (Gross)

Current Mill Rates (pdf, 32kb)
Historical Mill Rates (pdf, 239kb)
Current & Historical Portion Percentage Rates (pdf, 21kb)

Last update: 05.07.2011

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