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Tax Rates and Incentives

2019 Schedule of Rates and Fees

Property Tax

Commercial 11.5 mils ($400.00 minimum)
Residential 7.4 mils ($200.00 minimum)

Water/Wastewater

Commercial 2.3 mils ($600.00 minimum)
Residential $600.00 per unit
School Boards $11.00 per student
Provincial Government 6.0 mils

Commercial/Industrial Water Meter

Up to 100,000 gallons No Additional Charge
100,000 to 20,000,000 gallons $6.00 per 1,000 gallons
Over 20,000,000 gallons $5.50 per 1,000 gallons

Business Occupancy Tax

General Commercial 16.8 mils ($400.00 minimum)
Banks and Financial Institutions 74.3 mils ($400.00 minimum)
Bulk Storage and Oil Companies 37.8 mils ($400.00 minimum)
Agricultural Operations 2.9 mils ($400.00 minimum)
Hotels and Motels 15.4 mils ($400.00 minimum)
Large Department Stores 20.0 mils ($400.00 minimum)
Oil & Gas Service Industry 20.0 mils ($400.00 minimum)
Private Schools 15.4 mils ($400.00 minimum)
Professional Operations 23.0 mils ($400.00 minimum)
Recreational and Non-profit Facilities 11.2 mils ($400.00 minimum)
Self-Storage 60.1 mils ($400.00 minimum)
Billboards $100.00 per side per year
Personal Care Homes 6.0 mils ($400.00 minimum)
Daycares Exempt
Businesses subject to taxation under the Taxation of Utilities & Cable Television Companies Actand commercial establishments without a fixed place of business within the City 2.5% of annual gross revenue

Scaled Tax Program

The City of Mount Pearl is growing to meet the future head on and is committed to supporting new business growth. The purpose of the Scaled Taxation Program is to provide new businesses with financial incentives to establish roots in Mount Pearl. The program is tailored to non-competing companies in the Craft, Retail, and Technology sectors and is designed to support.

How it works

Financial assistance will be in the form of a 4-year scaled tax break based on the assessed business tax value of the proposed company. The City will award up to $25,000 annually in tax incentives with a limit of $5,000 per year for each awarded business. The tax-break will be distributed as follows:

  Business Pays City Provides
Year 1 20% 80%
Year 2 40% 60%
Year 3 60% 40%
Year 4 80% 20%
Year 5 100% 0%

 

Eligibility

The program will be available by application only to businesses who:

  • Operate a business in either the Craft, Retail, or Technology industry sectors (see program guidelines for sector definitions)
  • Other sectors may be approved at City Council’s discretion if the business can demonstrate a viable impact on the community
  • Have submitted a new business application or occupancy permit with the City of Mount Pearl and have no other locations or franchisers
  • Are within 3 years of business incorporation
  • Have no outstanding debts to the City
  • Is a registered business with Service NL (or in application process) and with the Government of Canada

Applications will be reviewed on a case-by-case basis and are approved at City Council’s discretion. Other industry sectors may be considered if it provides a viable economic impact on the community.

Learn More

For more information on the program or to request an application form, please contact Jeremy:

Jeremy Schwartz
Marketing and Economic Development Officer
Marketing, Communications, and Economic Development Division
(709) 748-1117
jschwartz@mountpearl.ca