What is the tax rate? When are taxes due? How is property assessed?

Property tax & assessment — Victoria, Newfoundland and Labrador: 2026 Tax Structure (Revised, adopted 2026-03-27) - Town of Victoria

In the Town of Victoria, Newfoundland and Labrador, property tax & assessment rules are set by 2026 Tax Structure (Revised, adopted 2026-03-27) - Town of Victoria, verified 2026-10-28. Due dates: June 30th, 2026; 5% discount if paid in full on or before March 31, 2026. Penalty interest: 2% per month (simple interest) on all overdue accounts.

2026 Tax Structure (Revised, adopted 2026-03-27) - Town of Victoria adopted bylaw

tax rate	Residential: 5.4 mills / of assessed value; Commercial: 5.4 mills / of assessed value; Vacant Land: $350.00; Business (General): 15 mills of assessed value; Public Utilities: 2.5% of gross revenue	"RESIDENTIAL PROPERTY → 5.4 MILLS / OF ASSESSED VALUE; COMMERCIAL PROPERTY → 5.4 MILLS / OF ASSESSED VALUE; VACANT LAND → $350.00; GENERAL BUSINESS → 15 MILLS OF ASSESSED VALUE; PUBLIC UTILITIES → 2.5% OF GROSS REVENUE"
due dates	June 30th, 2026; 5% discount if paid in full on or before March 31, 2026	"DUE DATE FOR 2026 TAXES IS JUNE 30TH, AS PER SECTION 106 (2) OF THE TOWNS & LOCAL SERVICE DISTRICTS ACT" and "5% DISCOUNT ... IF PAID IN FULL ON OR BEFORE MARCH 31, 2026"
penalty interest	2% per month (simple interest) on all overdue accounts	"INTEREST RATE ON ALL OVERDUE ACCOUNTS → 2% PER MONTH (SIMPLE INTEREST)"

scout note

2026 rates: residential and commercial 5.4 mills, vacant land $350, water/sewer $390, general business tax 15 mills with $350 minimum, utilities 2.5% of gross revenue.