The City completed a reassessment for 2023 and properties have had new assessed values established based on their market value as of April 1, 2021. An assessment increase for 2023 does not mean an equivalent increase in 2023 property taxes.
Learn more about how a change in your assessed value may impact your property taxes.
Property taxes are calculated by applying municipal and school mill rates against the portioned assessment of your property. By definition, a mill is a one-thousandth part. For calculating taxes, one mill represents $1.00 of taxes for every $1,000.00 of portioned assessment.
| Portioned Assessment | x | Municipal Mill Rate 1000 | = | Municipal Taxes |
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| Portioned Assessment | x | Provincial Education Mill Rate 1000 | = | Provincial Education Taxes |
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| Portioned Assessment | x | School Division Mill Rate 1000 | = | School Division Taxes |
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| Local Improvements | ||||
| = | ||||
| Total Current Taxes (Gross) |