March 2015 Interim Property Tax Information

Example for a Residential property assessed at $300,000:

$300,000 x 0.6866130% (0.00686613) = $2,059.84

Property Class/ Subclass Code Municipal Tax Rate Education Tax Rate Total Interim Tax Rate
Residential
Residential/ New Multi-Residential RTEP, RTES, RTFP, RTFS, NTEP, NTES 0.5874710% 0.0991420% 0.6866130%
Multi-Residential MTEP, MTES, MTFP, MTFS, MTN 1.1439290% 0.0991420% 1.2430710%
Commercial
Commercial CTN, DTN, GTN, STN 0.9517910% 0.7060740% 1.6578650%
Commercial Excess/ Vacant Land CUN, CXN, CUN, DUN 0.6662540% 0.4942520% 1.1605060%
New Commercial XTN, YTN, ZTN 0.9517910% 0.5958290% 1.5476200%
New Commercial Excess/ Vacant Land XUN, XXN, YUN, ZUN 0.6662540% 0.4170800% 1.0833340%
Industrial
Industrial Taxable ITX, LTN 1.1230100% 0.7618790% 1.8848890%
Industrial Excess/ Vacant Land IUN, IXN, LUN 0.7299560% 0.4952220% 1.2251780%
New Industrial Taxable JTN, KTN 1.1230100% 0.05958290% 1.7188390%
New Industrial Excess Land JUN, KUN 0.7299560% 0.3872890% 1.1172450%
Other
Pipeline PTN 0.7464410% 0.5958290% 1.3422700%
Farmland and Managed Forest FTEP, FTES, TTEP, TTES 0.1468680% 0.0247860% 0.1716540%
Farmland Awaiting Development R1EP, R1ES, R1FP, R1FS 0.4406030% 0.0644420% 0.5050450%

The Property Taxation section of the Financial Planning and Revenue Division will gladly answer any questions you may have. The telephone number for tax inquiries is (705) 742-7777 Extension 1865 or email tax@peterborough.ca

I hope you find this information useful. Thanks for stopping by.


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Source: City of Peterborough. Information deemed reliable, but is not guaranteed.

Constantine Isslamow

Constantine Isslamow

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CENTURY 21 United Realty Inc., Brokerage*
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