Municipal Property Tax - Mill Rate & Mill Rate Factors
The Town of Carlyle has set the 2023 Mill Rate by resolution at 9.7 mills - This is no change from last year
In addition to the mill rate, the Town also uses a mill rate factor, established by bylaw of:
| Residential | 0.7143 |
| Commercial | 1.6667 |
| Agricultural | 1.0000 |
Base Tax
| Base Tax | 600.00 |
To Calculate the Municipal Portion of Property Tax:
(Taxable Assessment x Mill Rate / 1,000) x Mill Rate Factor + Base Tax = Municipal Property Tax Payable
Education Property Tax - Mill Rates
2023 Education Property Tax Mill Rates are as follows:
| Agricultural Property | 1.4200 |
| Residential Property | 4.5400 |
| Commercial / Industrial | 6.8600 |
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To Calculate the Education Portion of Property Tax:
Taxable Assessment x Education Mill Rate / 1,000 = Education Property Tax Payable
Add both the Municipal amounts and the Education amounts together to determine the full amount due for property taxes:
Municipal Property Tax payable + Education Property Tax payable = Total Property Taxes Payable.