Town property tax

Kamsack property taxes are determined by multiplying the amount of the property assessment by the mill rate and then by the mill rate factor. This formula is used for residential, commercial and agriculture properties.

Municipal taxes are based on a fiscal year from January 1 to December 31.  Kamsack residents receive a pre-payment tax notice in January which is calculated based on the previous year levy.

Pre-payment discounts are provided as follows. There is no discount on frontage taxes:

• January to March: 5%
• April and May: 4%

There are no discounts on taxes paid after May 31.

Once the municipality and the school division have passed their budgets and set a mill rate for the year then the actual levy is calculated and a tax notice printed. Official tax notices for the year are provided to the ratepayers in June.  The notice reflects any pre-payments that were received.

Taxes are due and payable on December 31 of the year in which they are levied. Payments can be made at  the Town Office or paid on-line at any Credit Union or Scotia Bank.  Taxes which remain unpaid after  December 31 of the year in which they are levied shall be subject to a penalty as follows:

• A  rate of 5%, added on January 1;
• An additional rate of 1% per month, added on the first day of each of the months of February, March, April, May and June, applied to the total taxes and penalties that remain unpaid at the end of the preceding month.

Mill rates

Agriculture:

Municipal Mill Rate 38
Public School Mill Rate 7.08
Municipal Mill Rate Factor 1.0319

Commercial & Industrial:

Municipal Mill Rate 38
Public School Mill Rate

•  on assessments between 1 and 499,999   12.25
• on assessments between 500,000 and 5,999,999    15.75

Mill Rate Factor 1.55

Residential:

Municipal Mill Rate 38
Public School Mill Rate 10.08
Municipal Mill Rate Factor 0.4