Later this summer the City of Corner Brook will have its first roundabout. Located on Confederation Drive, this will be the first intersection of its...
The 2023 tax rates for Commercial Property owners of the City of Corner Brook are as follows:
Commercial 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 Commercial property (water and sewer), the property tax mill rate is 13.0 mils, plus $690 for water and sewer. The amount charged for the water and sewer includes a $100 sewer levy.
For a partially serviced Commercial property (water only), the property tax mill rate is 9.5 mils, plus a $470 charge for water.
For an un-serviced Watsons Pond Industrial Park (Fire Protected Area), the property tax mill rate is 8.0 mils only.
Example of a property tax calculation:
Assume: Property’s assessed value is $100,000 and is fully serviced.
Mill rate is 13.0.
The property tax calculation is:
$100,000 x 13.0= $1300
In addition to $1300, there is a $690 charge for water and sewer.
The total amount of taxes charged for this property would be:
$1300 (property tax)
+ $690 (water and sewer charge)
Note: the minimum amount of taxes payable on any Commercial property is $270.
For a more detailed listing of the City of Corner Brook tax rates, please click here.