Partner
Mortgage rates for Torbay homeowners
Mill rates are one line on the Torbay housing bill. Compare current Canadian mortgage options from multiple lenders.
Torbay property taxes 2026
Newfoundland and Labrador · Municipal mill rates · provincial open data and municipal tax bylaws
By OpenStats · Built from official Canadian sources
Atlas seed row (verify live source)7millsBelow average
~$3,150/yr on $450,000 assessed home
011.50National avg9.94
Residential mill rate
7.00
mills · $3,150/yr municipal on $450K
Est. annual tax
$4,500
Municipal + education on $450,000 home
Vs provincial avg
—
Provincial comparison unavailable
Reading this page
Torbay's 2026 residential mill rate is 7.0000 mills, plus an education levy of 3.0000 mills. That combination works out to roughly $4,500 per year on a $450,000 assessed home.
The commercial mill rate is 9.8000 mills.
How to read this
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
Torbay's residential mill rate of 7.00 mills on a $450,000 assessed home yields roughly $3,150 per year in municipal tax before education levies.
Rate vs provincial average
How Torbay compares to other Newfoundland and Labrador municipalities
Torbay7 mills
Tax estimate on median home
Based on a $450,000 assessed value
Annual breakdown
- Municipal portion
- $3,150
- Education levy
- $1,350
- Commercial mill rate
- 9.80 mills
- Estimated total
- $4,500/yr
We may earn a commission when you use partner links on this page.
Source · Statistics Canada 46-10-0026-01 (seed). Last updated 2026. Refreshed on the site's automated schedule.