Property tax & assessment — Torbay, Newfoundland and Labrador
What is the tax rate? When are taxes due? How is property assessed?
In the Town of Torbay, Newfoundland and Labrador, property tax & assessment rules are set by 2026 Tax and Fee Structure — Town of Torbay and 2 other bylaws, verified 2026-10-28. Tax rate: Residential 7.70 Mils with a minimum tax of $100.00; Commercial 12.50 Mils with a minimum tax of $150.00.
2026 Tax and Fee Structure — Town of Torbay
adopted bylaw
tax rate
Residential 7.70 Mils with a minimum tax of $100.00; Commercial 12.50 Mils with a minimum tax of $150.00
PROPERTY TAX
due dates
Payment made in full by March 31, 2026; Interest Free installments via postdated cheques or pre-authorized debit, with payment in full by December 31, 2026; all taxes are due and payable as of the invoice date.
TAX PAYMENT OPTIONS; INTEREST
penalty interest
1.25% monthly interest will be charged on any unpaid balance of any tax account owed to the Town of Torbay. Interest will be calculated retroactively to January 1, 2026, and applied at the end of each month commencing April 2026.
INTEREST
scout note
Adopted 2026 structure: residential 7.70 mils (min $100), commercial 12.50 mils (min $150); pay in full by Mar 31 or interest-free installments to Dec 31; 1.25% monthly interest; 20-25% reductions for low-income/GIS; water and sewer charges.
Budget 2026 — Town of Torbay (tax and fee structure page)
adopted bylaw
tax rate
residential: 7.7 mils; commercial: 12.5 mils
residential property tax mil rate will remain at 7.7 mils, and the commercial property tax rate will also remain at 12.5 mils
scout note
rates page: Budget 2026 page ($12,274,147) linking the 2026 budget package and tax and fee structure, plus 2025 and 2024 structures.
Property Tax & Assessment — Town of Torbay
adopted bylaw
Establishes procedures for arrears sales of real property to recover unpaid taxes. Adopted February 16, 2026 (RES-57-2026); signed and sealed February 19, 2026. Revision of original February 3, 2025 adoption.