The following Schedule of Taxes and Rates were passed at the 31st  meeting of the Town Council of the Town of Happy Valley-Goose Bay on January 23, 2008. These rates are effective January 1, 2008.

SCHEDULE OF TAXES AND RATES

Farms Exempt from Property Tax on all land & buildings. This exemption applies to land and buildings used for the purpose of farming. Exemption must be applied for annually from Department of Forestry and Agriculture

BUSINESS TAX

Business Tax BT01 7.60mils (.0076)
Ceramic Shops
- Upholsterers
- Corner Stores
- Funeral Parlour
- Dog Kennels
- Delivery Services
- Farms

BT02 11.5 mils (.0115)
- Appliance Repairs
- Vending Machine Operators
- Janitorial Contractors
- Moving Companies
- Air and Land Transportation Companies
- Caterers
- Radio Stations
- Laundromats
- Dry Cleaners & Laundry
- Restaurant
- Garages
- Services Stations
- Body Repair Shop
- Hotels
- Amusement Centers

BT03 13.90 mils (.01390)
- Travel Agencies
- Building Supplies
- Sports Shops
- Taxi Stands
- Fuel Distributors
- Retailers and/or wholesalers
- Contractors
- Veterinarian Service
- Optical Dispensaries
- Printing and Publishing
- Car Rental Agencies
- Brewery Retailer & Distributor
- Department Stores
- Construction Companies
- Supermarkets
- Drug Stores
- Business & Professional Offices
- Sawmills
- Bulk Fuel Storage Complex in excess of 10,000
- Food Take-Outs

BT04 17.90 mils (.01790)
- Night Clubs, Taverns
- Salvage & Junk Yards

BT05 31.0 mils (.0319)
- Banks

BT06 40.9 mils (.0490)
- Finance Companies

BT07 .13.90 mils (.01390)
- All Others

BT10 9.00 mils (.0090)
Barber Shops
Beauty Salons

Utility Tax Rate

2.5% of Gross Revenue

Discount Rate

5% discount will be ordered on current property tax and business tax if paid in full within thirty (30) days of the billing date, and that all arrears are paid in full

Interest Rate

An interest rate of 1% per month compounded will be charged on all arrears that are not paid in full by their due date.

PROPERTY TAX (RESIDENTIAL AND BUSINESS) AND BUSINESS TAX EXEMPTION

1. FIXED INCOME
A. All persons owning real property in the municipality may be exempted from paying Property tax on their principal residence if all household annual income from all sources, except for Federal Government Family Allowances, is less than $15,000 in the previous year.

B. Exemption to be applied for annually.

C. Revenue Canada Notice of Assessment form must be supplied to the Town Office when applying for the exemption.

D. Exemption applies to the Property tax balance on the account at the time of application for exemption and not the annual billing.

E. A fixed income exemption is applied for usually in January thru June for the previous year. Therefore any interest charges charged to the account pertaining to the exemption amount shall be reversed.

2. NON-PROFIT ORGANIZATIONS AND GROUPS

A. Non-Profit Organizations and/or Groups may be exempted from Property and/or Business Tax in cases where they provided to Council a copy of their Articles of Association stating that they are registered as a non-profit organization and/or group.

B. Exemption applies to the Property and/or Business tax balance on the account at the time of application for exemption and not the annual billing.

C. For any exemption the property owners are responsible to notify the town.

3. AGE EXEMPTION RATE

A. Persons owning residential property in the Municipality, effective the year they attain the age of sixty-five (65) years may be eligible to apply for a Senior Citizens Property tax rate.

B. Senior Citizens Property tax rate applies to the principal residence only.

C. Must provide the Town Council with a copy of their Birth Certificate.

D. If Property is jointly owned, to qualify for Senior Citizens Property tax rate, both property owners must be sixty-five (65) years of age or older.


4. DOCTORS PROPERTY TAX EXEMPTION

A. Doctors who own residential property and reside in the municipality may be exempt from Property tax only on their principal residence.

B. Doctors shall apply in writing to the Town Council.

C. Exemption shall be for three (3) years from the year that they apply.

D. One Time exemption per doctor.

MISCELLANEOUS FEES

ARENA FEES / BALL FIELD FEES