Tax & Fee Structure - 2015
THE FOLLOWING TAX STRUCTURE AND SCHEDULE OF MUNICIPAL FEES IS IN EFFECT FOR THE YEAR 2015:
RESIDENTIAL PROPERTY TAX 5.35 Mils (Assessed Property Value)
The Town of Labrador City has an annual Property Tax Rebate Program for Senior Citizens, Widows/Widowers, and Early Retirees due to health or disability. Criteria and applications are available at the Town Hall.
Notice: Effective January 1, 2017, undeveloped vacant residential land, not otherwise exempted shall, in accordance with provisions of Section 114(c) of the Municipalities Act, Chapter M-24, S.N. 1999 as amended, be subject to a minimum annual real property tax on vacant land.
COMMERCIAL PROPERTY TAX 17.5 Mils (Assessed Property Value)
Minimum Commercial Property Tax is $150.00 per annum.
Minimum Commercial Property Tax on vacant land is $5,500 per annum.
RESIDENTIAL WATER AND SEWER $400.00 per dwelling unit, subsidiary apartment or serviced accessory building (whether attached or detached from the primary dwelling)
$2.30 per 1000 gallons
Commercial Use - Regular
$1.54 per 1000 gallons
|Commercial Use - Temporary Workers' Housing||$1.54 per 1000 gallons
minimum $350 / unit
|Institutional Use||$1.54 per 1000 gallons|
|Flat & Minimum Rate||$400.00 per unit|
|Group1||4.825% of Assessed Value|
|Group 2||2.275% of Assessed Value|
|Group 3||2.225% of Assessed Value|
|Group 4||2.225% of Assessed Value|
|Group 5||.550% of Assessed Value|
|Group 6||3.775% of Assessed Value|
|Group 8||0.450% of Assessed Value|
|Group 9||Greater of $325.00 or 3.25% of Gross Revenue to a maximum of $5,800 per annum|
Minimum Business Tax:
|Group 3||$5,800 per annum|
|Group 6||$1,075 per annum|
|All Other Groups||$ 325 per annum|
Municipal Fee Schedule 2015 - Schedule A
UTILITIES AND CABLE TELEVISION COMPANIES TAX
Utilities and cable television companies are taxed at a rate of 2.75% of gross revenue derived within the municipality served by the Council of The Town of Labrador City in the preceding year. Utility and cable television companies are required to submit to Council by February 01 of the current year a sworn or affirmed statement of its gross revenue in the preceding year.
TAXPAYERS ARE ADVISED THAT ALL TAXES ARE DUE AND PAYABLE 30 DAYS AFTER THE INVOICE DATE. INTEREST WILL BE CHARGED AT THE RATE OF PRIME (as of January 1, 2015) PLUS 3% PER ANNUM ON ALL TAX ACCOUNTS STILL OUTSTANDING AFTER THAT DATE.