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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)