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Property Tax Rates

Residential Property Tax Rates

The 2016 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 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
                       1,000

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)
           $1,305

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