Mortgage rates for Grand Falls homeowners
Mill rates are one line on the Grand Falls housing bill. Compare current Canadian mortgage options from multiple lenders.
New Brunswick · Municipal mill rates · provincial open data and municipal tax bylaws
By OpenStats · Built from official Canadian sources
Atlas seed row (verify live source)~$5,085/yr on $450,000 assessed home
Grand Falls's 2026 residential mill rate is 11.3000 mills, plus an education levy of 2.3000 mills. That combination works out to roughly $6,120 per year on a $450,000 assessed home.
The commercial mill rate is 15.8200 mills.
One mill equals $1 of tax per $1,000 of assessed value. Rates are compiled from provincial open schedules and municipal tax bylaws, then normalized to mills where the source allows. Assessment systems differ (BC Assessment, Ontario MPAC phase-in, Alberta market value, Nova Scotia capped assessment), so cross-province rate rankings are not dollar rankings until bases align.
Start with the residential mill rate and the sample bill on a median assessed home, then ask whether education or regional levies sit on top. Municipal rate is the piece council sets; your notice may show a higher total. Compare cities on a similar assessed value, and keep class in mind (residential vs commercial or multi-residential).
Use the calculator for a rough personal estimate, then confirm the current tax bylaw and your assessment notice before budgeting or a purchase decision. Method detail: methodology.
Figure 1 · Assessment math
Mills to dollars on a median home
Grand Falls's residential mill rate of 11.30 mills on a $450,000 assessed home yields roughly $5,085 per year in municipal tax before education levies.
How Grand Falls compares to other New Brunswick municipalities
Based on a $450,000 assessed value
Mill rates are one line on the Grand Falls housing bill. Compare current Canadian mortgage options from multiple lenders.
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