2023 Tax Rates

Notional Tax Rates (Used for Interim Taxes)

Residential

Tax class: RT/RH
Notional tax rate: 0.732324 per cent

Multi-Residential

Tax class: MT
Notional tax rate: 1.311648 per cent

New Multi-Residential

Tax class: NT
Notional tax rate: 0.732324 per cent

Commercial – Full

Tax class: CT/DT/GT/ST/CH/XT/YT/ZT/CH
Notional tax rate: 1.614336 per cent

Commercial – Vacant/Excess Land

Tax class: CU/DU/SU/CX/XU/ZU/YU/CU/CJ/XX
Notional tax rate: 1.614336 per cent

Industrial – Full

Tax class: IT/LT
Notional tax rate: 2.091192 per cent

Industrial – Vacant/Excess Land

Tax class: IU/IX/LU
Notional tax rate: 2.091192 per cent

Industrial – New construction

Tax class: KT/JT
Notional tax rate: 2.091192 per cent

Industrial – New construction (Vacant/Excess Land)

Tax class: KU/JU
Notional tax rate: 2.091192 per cent

Industrial – Hydro

Tax class: IH
Notional tax rate: 2.309376 per cent

Industrial – Hydro (Vacant/Excess Land)

Tax class: IJ/IK
Notional tax rate: 2.309376 per cent

Industrial – Hydro New construction

Tax class: JH
Notional tax rate: 2.191192 per cent

Industrial - Farmland Awaiting Development

Tax class: I1
Notional tax rate: 0.549243 per cent

Pipeline

Tax class: PT
Notional tax rate: 1.495069 per cent

Farmland

Tax class: FT
Notional tax rate: 0.154114 per cent

Managed forest

Tax class: TT
Notional tax rate: 0.183081 per cent

Note: Assessment multiplied by notional rate divided by two equals Interim Bill (used for 2023 Interim Tax Bill)