| tax rate | Residential Property Tax: 6 mills (0.006) for assessed values $50,001 and greater; Commercial Property Tax: 8 mills (0.008) for assessed values $50,001 and greater; Base Rate Property Tax: $300 + 0.0000001 for assessed values $1.00 to $50,000 (both residential and commercial). Business Tax varies by category: Banks/Finance/Mail Order 80 mills, Manufacturing 10 mills, Hotels/Motels/Boarding Houses/Personal Care Homes/Cottages/Air BNB 8 mills, Oil Companies 60 mills, All Other 20 mills, etc. | "RESIDENTIAL PROPERTY TAX ... 6 mills - 0.006"; "COMMERCIAL PROPERTY TAX ... 8 mills - 0.008"; "BASE RATE PROPERTY TAX Residential Assessed Values $1.00 to $50,000 ... $300 + 0.0000001" |
| due dates | All taxes are due when rendered. After March 31st, 2026, taxes are considered outstanding. | "All taxes are due when rendered. After March 31st, 2026, taxes are considered outstanding." |
| penalty interest | Prime + 3% (simple interest for overdue accounts; interest charges applied after March 31, 2026). Residents aged 65 and over qualify for interest free on accounts for property in which they reside provided paid in full by year end. | "The rate of simple interest for overdue accounts is to be set at Prime + 3%"; "Residents aged 65 and over qualify for interest free on accounts for property in which they reside provided paid in full by year end" |
scout note
Council adopted 2026 budget Dec 15, 2025. Residential tax 6 mills, commercial 8 mills (over $50,000 assessed); base tax $300; business tax mills by sector, base $400. Taxes due when rendered; interest Prime+3% after March 31, 2026. Income-based rebate 10-40%; water/sewer fees.