2026 Tax Structure — Schedule I

Wabush, Newfoundland and Labrador

This is the exact embedded text of the captured official document. Snapshot 189e4a637457 · verified 2026-06-05 · original document · archived snapshot · unofficial consolidation, the official version is held by the municipal clerk.

1 TOWN OF WABUSH SCHEDULE I 2026 TAX STRUCTURE Effective January 1, 2026 The following tax rate structure as adopted by the Wabush Town Council for the taxation year 2026 and is published in accordance with Section 109 of the Municipalities Act: Property Tax: Residential 6.8 Mills Minimum $100.00 Commercial 21 Mills Minimum $500.00 Business Tax: Group 1 - B1 2.60% of assessed value - Medical/Dental Practices - Oil Distributors - Travel Agencies - Car Rental Agencies - Door to Door Distributors - Professional Offices - Janitorial Group 2 - B2 1.95% of assessed value - Transportation (Air and Land) - Radio Stations - Night Clubs/Taverns - Corner Stores Group 3 - B3 1.77% of assessed value - Retailers/Wholesalers - Contractors/Construction - Light Industrial - Heavy Equipment - Sales/Services - Storage Buildings Group 4 - B4 1.00% of assessed value - Barber Shops - Beauty Parlors - Animal Grooming - Food Take Out - Seamstress - Restaurants - Daycare 2 TAX STRUCTURE 2026 (continued) Business Tax: (continued) Group 5 - B5 2.00% of assessed value - Hotels Group 6 - B6 Greater of $2,500 or 3.00% of gross - Business of No Fixed Place revenue to a Maximum $5,500 Group 7 - B7 - Business Operating in Residential Area $700.00 - Commercial/Industrial Business operating in $2,500.00 a residential Area Group 8 - B8 60 Mils - Financial Institutions - Data Centers Group 9 - B9 - Utilities and Cable Companies 2.5% of gross revenue Group 10 - B10 - Open Warehousing/Laydown 3.54% of assessed value Group 11 - B11 - Temporary Workers Housing 1% of assessed value - Air BNB/Short-term Rentals $700.00/room Group 12 - B12 - Industrial Transportation 2% of gross revenue Minimum Business Tax $1,000 per year *Excluding home based businesses Water and Sewer Rates: Residential $350.00 per year Commercial $400 base plus 1 Mills of assessed value. Minimum $800 Hotels/Motels/Camps $400.00 per room/per year (min. $800) Apartments $400 per unit/per year (min. $400.00) Laundromat, Car Washes, Batch Plants, Vacuum truck/ Water truck $3,500.00 per year Shopping Centers, Plazas, accommodating more than one tenant $2,500.00 per year Federal/Provincial Buildings Including Schools 4 Mills 3 TAX STRUCTURE 2026 (continued) Miscellaneous: Tax Certificates/Compliance Letter/Tax Info $350.00 Tax Reprints & Document Copies $10.00 Penalty Fee* $150.00/year * Penalty fees are applied to residents and businesses that fail to notify the Town of Wabush of any changes to their property or business in a timely manner, resulting in additional work for administration staff. Property Tax Exemption & Remission: Total Family income must not exceed: $35,000 and $2,500 per dependent 80% reduction in tax $45,000 and $5,000 per dependent 50% reduction in tax Note: Proof of property ownership and household income is required to apply for the discounted rate. Any credit remaining on the account will be carried forward to the following year. To qualify for the discount, taxes are to be paid by June 30th. Taxpayers are advised that all taxes are due and payable 30 days after the invoice date. Simple interest charges of 12% annually will be charged on all overdue accounts.