St. John’s Property Tax Calculator 2021
The City of St. John's is the capital city of Newfoundland and Labrador located on the northeastern side of the Avalon Peninsula and is home to over 108K residents. The population of St. John's increased by 2.5% from 2011 to 2016 and the average home price in February 2021 was $262,000. While St. John's real estate prices only slightly increased by 2.6% from February 2020, residential activity increased by over 62% year-over-year in December. St. John's is a seller's market as residential listings continue to sharply decline, but since St. John's real estate prices have only slightly increased, it is not vulnerable to a housing bubble according to the CMHC Housing Market Assessment.
St. John’s Property Taxes
Property tax is a tax based on the assessed value of a property. If you own a property or parcel of land, you will have to pay property tax. It is used to pay for city services such as police, the fire department, and public transit as well as elementary and secondary education.
| Residential Property Tax Rate for St. John’s from 2018 to 2020 | |||
|---|---|---|---|
| Year | Municipal Rate | Educational Rate | Final Tax Rate |
| 2020 | Not Available | Not Available | 0.770000% |
| 2019 | Not Available | Not Available | 0.770000% |
| 2018 | Not Available | Not Available | 0.730000% |
St. John’s Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of St. John’s's property tax department through the following methods:
St. John’s Property Tax Department Information
For any questions or inquiries about your property tax rate or property tax bill, you can reach out to the city of St. John’s's property tax department through the following methods:
| St. John’s at a Glance | |
|---|---|
| Province | Newfoundland and Labrador |
| Settled Year | 1497 |
| Established Year | 1583 |
| Incorporated Year | 1888 |
| Population | 108,860 |
| City Area | 445.88 km 2 (172.2 sq mi) |
Property Taxes in Atlantic Canada for a $500K Assessed Value Home*
Property Assessments in Atlantic Canada
Properties in Atlantic Canada are assessed by different organizations for each province.
Nova Scotia
For Nova Scotia, properties are assessed by the Property Valuation Services Corporation which mails out property assessment notices every year in January.
New Brunswick
For New Brunswick, properties are assessed by the province through Service New Brunswick (SNB) which mails out property assessment notices every year in October.
Prince Edward Island (PEI)
For PEI, properties are assessed by the province which mails out property assessment notices along with the property tax bill every year in May.
Newfoundland and Labrador
For Newfoundland and Labrador, properties are assessed by the Municipal Assessment Agency which mails out property assessment notices every year before September.
Most properties are assessed using a market value-based approach. There are three ways that uses to determine a property’s market value:
- Direct Comparison Approach
- Cost Approach
- Income Approach
Residential properties are valued under this approach. This compares the sales of similar properties in the assessment year to determine a valuation for the property. The assessed value may not equal the actual market value or sale value of a property.
Unique and rarely traded properties are valued under this approach. This uses the cost of the property if someone were to rebuild it to determine a valuation for the property minus depreciation due to age or other factors. This includes the price of the land and the price of all improvements (e.g. buildings) on top of it. While this takes into account the market value of the land, it does not consider the market value of the property as a whole.
For properties that are dedicated to generating income like rental properties or offices, an income-based approach is used. This approach uses the income generated by the property as well as the sales price to determine its assessed value.
