Tax & Fee Structure - 2013
THE FOLLOWING TAX STRUCTURE AND SCHEDULE OF MUNICIPAL FEES IS IN EFFECT FOR THE YEAR 2013:
RESIDENTIAL PROPERTY TAX 4.35 Mils (Assessed Property Value)
COMMERCIAL PROPERTY TAX 17.5 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.
Minimum Commercial Property Tax is $150.00 per annum.
Minimum Commercial Property Tax on vacant land is $5,500 per annum.
$2.00 per 1000 gallons
Commercial Use - Regular
$1.34 per 1000 gallons
|Commercial Use - Temporary Workers' Housing||$1.34 per 1000 gallons
minimum $300 / unit
|Institutional Use||$1.34 per 1000 gallons|
|Flat & Minimum Rate||$345.00 per unit|
RESIDENTIAL WATER AND SEWER $300.00 per dwelling unit, subsidiary apartment or serviced accessory building (whether attached or detached from the primary dwelling)
|Group 1||4.5% of Assessed Value|
|Group 2||2.125% of Assessed Value|
|Group 3||2.075% of Assessed Value|
|Group 4||2.075% of Assessed Value|
|Group 5||.525% of Assessed Value|
|Group 6||3,525% of Assessed Value|
|Group 8||0.425% of Assessed Value|
|Group 9||Greater of $300.00 or 3% of Gross Revenue to a maximum of $5,500 per annum|
Minimum Business Tax:
|Group 3||$5,500 per annum|
|Group 6||$1,000 per annum|
|All Other Groups||$ 300 per annum|
Municipal Fee Schedule 2013 - Schedule A revised March 2013 For Business Group Description Schedule C - Click Here
UTILITIES AND CABLE TELEVISION COMPANIES TAX
Utilities and cable television companies are taxed at a rate of 2.5% 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, 2013) PLUS 3% PER ANNUM ON ALL TAX ACCOUNTS STILL OUTSTANDING AFTER THAT DATE.