2025 TAX STRUCTURE

PROPERTY TAX

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Residential (Minimum $500.00)                                                                    7.5 mils

Vacant Land (Minimum $300.00)                                                                  7.5 mils

Small Structures (Minimum $30.00)                                                            10.5 mils

Commercial (Minimum $400.00)                                                                  10.5 mils

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Taxpayers that are low-income property owners (paying minimum property tax) will be eligible for a 10% reduction in their annual residential property taxes for their primary residence only, provided that the total household income is less than $25,000.  Income includes the income of both spouses and other sources such as apartment rental and interest income.

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For first-time applicants, the reduction will be based on their current year’s income. The first-time applicant will complete a form indicating their estimated household income for the current year. They will receive a provisional tax credit based on their estimated income. The property owner will then be responsible for verifying their estimated income with the Town by providing copies of Canada Revenue Agency Assessment Notices for the year in question when it becomes available. After the income is confirmed, the credit amount will be adjusted out of the taxpayer’s account. Applications for this reduction will be made available on the Town’s website or at the Town Hall and, when submitted, will be reviewed by the Town Clerk.

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POLL TAX                                                                                                         $300.00

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WATER AND SEWER

 

Residential Water/Sewer                                                                                $420.00 per year

Residential Water Only                                                                                   $312.00 per year

Residential Sewer Only                                                                                   $180.00 per year

Commercial Water/Sewer                                                                              $564.00 per year

Commercial Water Only                                                                                 $384.00 per year

Commercial Sewer Only                                                                                 $1,800.00 per year

Water/Sewer (Schools)                                                                                    $2,580.00 per year

Water/Sewer (Personal Care Homes as defined by Eastern Health)       $1,980.00 per year

Vacant Land Accessible to Water/Sewer                                                      $50.00 per year

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BUSINESS TAX (minimum $350 per year)

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Class I - 36 mils                                                                   Pharmaceutical & General Store combined,                                                                                                          Professional Services, Insurance Companies

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Class II - 18.25 mils                                                             Construction Companies, Salvage Companies,                                                                                                     Plumbing & Electrical, Sawmills

 

Class III - 5 mils                                                                    Personal Care Homes

 

Class IV - 13.50 mils                                                            Grocery & Hardware Stores combined,                                                                                                                   Lounges, Novelty Shops

 

Class V - 13 mils                                                                  Services (Gas) Stations, Body Shops, Clothing                                                                                                      Stores, Home Furnishing Stores, Restaurants,                                                                                                      Take-Outs, Auto Supplies, Auto Sales

 

Class VI - 12.50 mils                                                           Convenience Stores, Hair Salons, Meat Cutting,                                                                                                    Daycare Facilities, Flea Markets, Pet Grooming

 

Class VII - 30 mils                                                               Funeral Homes

 

Class VIII - 50 mils                                                              Financial Institutions

 

Class IX - 12 mils                                                                Hotels, Bed & Breakfast Units, Airbnb Units,                                                                                                         Storage Units

Class X - 50 mils                                                                 Industrial Plants                          

 

Class XI - 12 mils                                                                All other businesses

 

Business with no fixed address                                    5% of Gross Revenue or $500 whichever is greater

 

Utilities/Cable Companies                                             2.5% of Gross Revenue

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*All Property, Business, Water/Sewer and Poll Tax are due and payable in full on or before

June 30, 2025, if not, simple interest of 2% per month will be charged on all accounts in arrears (unless a payment plan is in place).
 

*Deadline for application for exemption from Poll Tax is June 30, 2025.