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, 8kb)
Historical Mill Rates (pdf, 13kb)
Portion Percentage Rates 1991 - 2009 (pdf, 33kb)