The 2018 tax rates for residents of the City of Corner Brook are as follows:
Property tax is based on the property’s assessed value, which is determined by the Municipal Assessment Agency. A mill rate is the amount charged per $1,000 of the assessed property value.
For a fully serviced property (water and sewer), the property tax mill rate is 7.5 mills, plus $555 residential for water and sewer. The amount charged for the water and sewer includes a $100 sewer levy.
For a partially serviced property (water only), the property tax mill rate is 4.5 mills, plus a $465 charge for water.
For an un-serviced property (no water or sewer), the property tax mill rate is 5.0 mills.
For a metered property, the property tax mill rate is 6.0 mills, plus the meter rates.
For a non-taxable – Water and Sewer Rates only – 6.5 mils plus $635 basic charge per unit which includes a $100 sewer levy.
For a residential trailer, the property tax mill rate is 5.75 mills.
Example of a property tax calculation:
Assume: Property’s assessed value is $100,000 and is fully serviced.
Mill rate is 7.5.
The property tax calculation is:
$100,000 x 7.5= $750
In addition to $750, there is a $555 charge for water and sewer.
The total amount of taxes charged for this property would be:
$750 (property tax)
+ $555 (water and sewer charge)
Note: the minimum amount of taxes payable on any property is $275.
For a more detailed listing of the City of Corner Brook tax rates, please click here.