Financial

Municipal Tax Structure 2024

The following is published in accordance with the provisions of the Municipalities Act, and adopted by the Council in a meeting held December 6, 2023.

Residential mil rate (reduced):                                                   4.5 mil
Minimum Property Tax (unchanged):                                         $ 400.00
Minimum Property Tax on Vacant Land (unchanged):               $ 260.00
Water Service (unchanged):                                                       $ 198.00 per unit
Sewer Service (unchanged):                                                       $ 198.00 per unit
Water/Sewer on Vacant Land (unchanged):                               $ 100.00

Commercial mil rate:                                                                 9.25 mil
Minimum property tax (unchanged):                                         $ 400.00
Water Service (unchanged):                                                       $ 198.00 per unit
Sewer Service (unchanged):                                                       $ 198.00 per unit
Water/Sewer on Vacant Land (unchanged):                               $ 100.00

Business taxes calculated according to the following:
Home Based/ No fixed place/ Seasonal:            0.5 mil            Min.            $   100.⁰⁰
Services/ Retail:                                                  12 mil             Min.            $   750.⁰⁰
Manufacturing:                                                   17 mil            Min.            $ 1,500.⁰⁰
Professional/ Suppliers:                                      18 mil            Min.            $ 1,500.⁰⁰
Heavy/ Industrial:                                                24 mil            Min.           $ 1,500.⁰⁰
Tourist Accommodation tax:                              Flat Fee         Per unit        $   350.⁰⁰
Other:                                                                  12 mil              Min.          $   250.⁰⁰
Utility Companies (unchanged)                           2.5%                 of Gross Revenue

Fees for Permits:
General Repairs/Fence:                                  $   20.⁰⁰ (Twelve (12) months)
Residential Construction:                               $  150.⁰⁰
Shed/Garage Construction:                            $   40.⁰⁰
Extensions:                                                      $   40.⁰⁰
Water & Sewer connection:                            $  200.⁰⁰ + any arrears
Water & Sewer deposit:                                  $ 1500.⁰⁰ + applies when pavement is disrupted 

Other Fees and Charges shall be applied accordingly:

Tax Information including Certificate:          $ 100.⁰⁰
Photocopies:                                                       .20¢ per sheet
Fax:                                                               $   2.⁰⁰

EARLY PAYMENT DISCOUNT
A fifteen percent (15%) discount will be given on 2024 Property tax Only (not on the water & sewer fee) to residents who pay in full on or before March 31, 2024, an eight (8%) discount will be given to residents who pay in full before May 31, 2024. This discount does not apply to payments made by credit cards. Contact the office for information on discounts for credit card payments

As per the Municipalities Act, 1999 Taxes are due and payable on or before June 30, 2024.

2024 taxes not paid, or arrangement of payment made with the Town Clerk on or before June 30, will be charged  Interest  at the rate of  twelve percent (12%)  per annum and the following actions will be taken:

1. Water Shut Off (where applicable)
2. Legal Action

        Town Clerk
(for) The Town of South River