Property Tax Calculator

Last year, OSTRA succeeded in establishing a separate TVU/ NUC Property Tax Rate Classification.   Without this, TVUs and NUCs would be taxed at the Hotel/ Resort rate which is 4 times the Residential Rate.  The initial rates for this new classification were approved on 6/5/24.   The Tier 1 rate is $9.00/ $1,000 in value below $800,000.  The Tier 2 rate is $11.50/ $1,000 in value for the portion over $800,000.

We created the form below for you to look at these changes.  After inputting your property value, you’ll see what your taxes would be at the residential rates.  Unfortunately, TVUs and NUCs will no longer be taxed as Residential, so this calculation is for comparison purposes only.  If OSTRA had not succeeded in obtaining the separate TVU/ NUC classification, you will see what your Property Taxes would have been at the Hotel rate.  You’ll also see your property taxes at the recently approved rates.   You’ll see the savings between these rates and what would have been if TVUs/ NUCs were taxed as hotels.   Property tax bills will be sent out in July.

Please note that these calculations are estimates only.