The following Schedule of Taxes and Rates were passed at the 27th meeting of the Town Council of the Town of Happy Valley-Goose Bay on February 11, 2011.

These rates are effective January 1, 2011.

Business Tax Rate BT01 - 6.84 mils (.00684)

• Ceramic Shops
  
• Upholsterers
  
• Funeral Parlour
  
• Dog Kennels
  
• Delivery Services
  
• Farms
  

Business Tax Rate BT02 - 10.35 mils (.01035)

• Appliance Repairs
  
• Vending Machine Operators
  
• Janitorial Contractors
  
• Moving Companies
  
• Caterers
  
• Radio Stations
  
• Laundromats
  
• Dry Cleaners & Laundry
  
• Garages
  
• Services Stations
  
• Body Repair Shop
  
• Amusement Centers
  
• Corner Stores
  

Business Tax Rate BT03 - 12.60 mils (.01260)

• Travel Agencies
  
• Building Supplies
  
• Sports Shops
  
• Taxi Stands
  
• Retailers and/or wholesalers
  
• Contractors
  
• Veterinarian Service
  
• Optical Dispensaries
  
• Printing and Publishing
  
• Department Stores
  
• Construction Companies
  
• Supermarkets
  
• Drug Stores
  
• Sawmills
  
• Food Take-Outs
  
• Restaurant
  
• Hotels
  

Business Tax Rate BT 04 - 16.20 mils (.01620)

• Night Clubs, Taverns
  
• Salvage & Junk Yards
  

Business Tax Rate BT05 - 45.0 mils (.04500)

• Banks
  

Business Tax Rate BT06 - 54.00 mils (.05400)

• Finance Companies
  

Business Tax Rate BT07 - 13.50mils (.0135)

• Air and Land Transportation Companies
  
• Fuel Distributors
  
• Brewery Retailer & Distributor
  
• Car Rental Agencies
  
• Business & Professional Offices
  
• All Others
  

Business Tax Rate BT10 - 8.10 mils (.00810)

• Barber Shops
  
• Beauty Salons
  

Business Tax Rate BT12 - 18.00 mils (.01800)

• Bulk Fuel Storage Complex in excess of 10,000
  

Home Based Business Tax BT09
1/10 of 1 percent of gross revenue

5% discount will be ordered on current property tax, utility tax, and business tax if paid in full within thirty (30) days of the billing date, and if all arrears owing to the Town Council of the Town of Happy Valley-Goose Bay are paid in full.

A simple interest rate of 1% per month will be charged on arrears invoices that are not paid by due date.

1. Fixed Income

1. 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 Federal Government Family Allowances, is less than $15,000 for the previous year.
   
2. Exemption to be applied for annually.
   
3. Revenue Canada Notice of Assessment form must be supplied to the Town Office when applying for the exemption.
   
4. Exemption applies to the Property tax balance on the account at the time of application for exemption and not the annual billing.
   
5. 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.
   
6. For any exemption the Property owners are responsible to notify the town.
   

2. Business and Property Tax Non-profit Organizations and Groups Exemption Policy

1. Non-Profit Organizations and/or Groups may be exempted from Property Tax and/or Business Tax in cases where they provide to Council a copy of their Articles of Association stating that they are registered as a non-profit organization and/or group.
   
2. Exemption applies to the Property Tax and/or Business Tax balance on the account at the time of application for exemption and not the annual billing.
   
3. For any exemption the property owners are responsible to notify the town.
   

3. Property Tax Age Exemption Policy

1. Persons owning residential property in the Municipality, effective the year they attain the age of sixty-five (65) years of age may be eligible to apply for a Senior Citizens Property tax rate.
   
2. Senior Citizens Property tax rate applies to the principal residence only.
   
3. Applicant must provide the Town Council with a copy of their Birth Certificate.
   
4. 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.
   
5. Senior Citizens Property Tax Rate will be effective the date that it is applied for.
   
6. For any exemption the Property owners are responsible to notify the town.
   

4. Doctors Property Tax Exemption and Policy

1. Doctors who own residential property and reside in the municipality may be exempt from Property tax only on their principal residence.
   
2. Doctors shall apply in writing to the Town Council.
   
3. Exemption shall be for three (3) years from the year that they apply.
   
4. One Time exemption per family.
   
5. For any exemption the Property owners are responsible to notify the town.