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Tax & Fee Structure - 2014


THE FOLLOWING TAX STRUCTURE AND SCHEDULE OF MUNICIPAL FEES IS IN EFFECT FOR THE YEAR 2014:

RESIDENTIAL PROPERTY TAX
4.35 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.

WATER RATES 

RESIDENTIAL WATER AND SEWER $350.00 per dwelling unit, subsidiary apartment or serviced accessory building (whether attached or detached from the primary dwelling)
Industrial Use

$2.00 per 1000 gallons

Commercial Use - Regular

$1.34 per 1000 gallons

Commercial Use - Temporary Workers' Housing $1.34 per 1000 gallons
minimum $350 / unit
Institutional Use $1.34 per 1000 gallons
Flat & Minimum Rate $345.00 per unit


BUSINESS TAX  
Group1  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 2014 - Schedule A

Labrador City Recoverable Work Rate Policy - Residential

Labrador City Recoverable Work Rate Policy - Commercial

Recreational Facilities Fees and Rental Rates - Schedule B 

For Business Group Description Schedule C - Click Here

Emergency Response Recoveries - Schedule D


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, 2014) PLUS 3% PER ANNUM ON ALL TAX ACCOUNTS STILL OUTSTANDING AFTER THAT DATE. 



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