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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
• Historical Mill Rates
• Current & Historical Portion Percentage Rates

Last update: 22.03.2013

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