Tax rates
The tax rates for the Town and Region are based on the budgets approved by their respective councils. The province is responsible for establishing the tax rates for educational purposes.
The 2026 final tax rates for all levying bodies are detailed in the table below. Final Tax Bills will be issued in the first week of July, due in two instalments:
- 1st instalment due August 7, 2026
- 2nd Instalment due October 2, 2026
2026 Final Tax Rates
| Tax Class Description | Tax Class | Town | Region* | Education | Total |
| Residential | RT | 0.00354106 | 0.00861130 | 0.00153000 | 0.01368236 |
| Multi-Residential | MT | 0.00697589 | 0.01696426 | 0.00153000 | 0.02547015 |
| Commercial | CT, CH, GT, ST | 0.00614338 | 0.01493974 | 0.00880000 | 0.02988312 |
| Commercial - Excess/Vacant | CU, CX, SU, XU | 0.00614338 | 0.01493974 | 0.00880000 | 0.02988312 |
| Industrial | IT, IH, LT | 0.00931299 | 0.02264773 | 0.00880000 | 0.04076072 |
| Industrial - Excess/Vacant | IU, IX, LU | 0.00931299 | 0.02264773 | 0.00880000 | 0.04076072 |
| Pipelines | PT | 0.00602724 | 0.01465729 | 0.00880000 | 0.02948453 |
| Farm/Managed Forests | FT, TT | 0.00088527 | 0.00215283 | 0.00038250 | 0.00342060 |
* Includes Region General, Waste and Transit Levies
Past Final Tax Rates
Example calculation
The tax rates for all classes of property are calculated as a "multiplier" of the residential tax rate based on the tax ratios approved by council.
Example: Residential property valued at $100,000 x tax rate (.01249518) = $1,249 a year in property taxes
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