Tax Structure
Property taxes are one of the ways the Town of Upper Island Cove collects revenue to pay for town services.
These services include:
These services include:
- – Public safety
- – Road maintenance and waste collection
- – Parks and recreation facilities
- – Fire services.
Property Tax
| Property Tax | .005 mils |
| Minimum Tax | $450.00 per year |
Waste Management Fee
| Residential | $30.00 per household |
| Commercial | $100.00 – $300.00 |
Water & Sewer Rates
| Residential | $375.00 per year |
| Residential (Water Only) | $187.50 per year |
| Residential (Sewer Only) | $187.50 per year |
| Schools (Public) | $375.00 plus 3.25 mills assessed value |
| Government Building(s) | $375.00 plus 10.25 mils assessed value |
| Commercial | $237.50 - $1000.00 per year |
Business Tax
| Utilities & Cable Companies | 2.5% of gross revenue |
| Medical | 8.5 mils |
| Take-Out/Convenience | 14 mils |
| Appliance/Equipment Rental | 12.6 mils |
| Gas Bars, Flower Shop/Convenience | 9.2 mils |
| Drug Store | 11 mils |
| All others | 12 mils |
| Construction with no fixed place | $300.00 per year |
| Rental Homes | $300.00 per year |
| Minimum Business Tax | $150.00 per year |
| Business with no fixed place | ½ of 1% of gross revenue in preceding year |
Connection Fees
| Water (only) | $50.00 plus other costs |
| Sewer (only) | $50.00 plus other costs |
| Estimate to service property provided upon request. |
Permits
| Building (Residential) | .05 cents per sq. foot of main floor space (basement excluded) Minimum $10.00 |
| Commercial (New or Extension) | $50.00 up to $100,000.00 project value or .001% of project value over $100,000.00 |
| Building (Shed/ Private Garage, Etc.) | $10.00 - 120 sq. ft. or less .05 cents per sq. ft. over 120 sq.ft. |
| General Permits | No Charge |
| Tax Certificates | $75.00 |
| Mobile Canteen License Fee | $150.00 |
| Turn off/on water (after normal working hours) | $50.00 |
| Processing Fee Crown Land Application | $25.00 |
5% Discount monthly on water, sewer, and property tax providing the account is not in arrears. Interest charged on unpaid monthly balances at the Bank Prime Rate plus 3% as of January of year.
