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“Doing Business in Mount Pearl” guide - City of Mount Pearl

“Doing Business in Mount Pearl” guide - City of Mount Pearl

“Doing Business in Mount Pearl” guide - City of Mount Pearl

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The name <strong>of</strong> the bus<strong>in</strong>ess and its location is sent to the Municipal Assessment Agency.The property is then assessed by the agency and added to the <strong>City</strong>’s Assessment Roll.Taxation<strong>Bus<strong>in</strong>ess</strong>es operat<strong>in</strong>g <strong>in</strong> <strong>Mount</strong> <strong>Pearl</strong> must pay bus<strong>in</strong>ess tax to the <strong>City</strong>. This tax is<strong>in</strong> addition to commercial property tax and water and sewer taxes. <strong>Bus<strong>in</strong>ess</strong>es whichoperate from rented premises are also liable for bus<strong>in</strong>ess tax. Tax rates vary by type<strong>of</strong> activity.The <strong>City</strong> also <strong>in</strong>vests major capital funds for streets, recreational facilities andunderground <strong>in</strong>frastructure such as water, sewer and storm sewer systems. A portion<strong>of</strong> this <strong>in</strong>vestment is recovered from frontage assessments, recreation assessments andother service levies.Prior to complet<strong>in</strong>g land purchases or land development, the prospective buyer shouldcheck with the <strong>City</strong> to determ<strong>in</strong>e the amount <strong>of</strong> assessments or levies that may be due,if any.<strong>Mount</strong> <strong>Pearl</strong> <strong>City</strong> Council participates <strong>in</strong> the Prov<strong>in</strong>cial Government’s EconomicDiversification and Growth Enterprises (EDGE) program and will apply the <strong>in</strong>centiveto all qualify<strong>in</strong>g EDGE companies, as determ<strong>in</strong>ed by the Prov<strong>in</strong>cial Government.Questions relat<strong>in</strong>g to taxation can be addressed to:Norm SnelgroveManager <strong>of</strong> F<strong>in</strong>ance3 Centennial Street<strong>Mount</strong> <strong>Pearl</strong>, NL A1N 1G4Phone: (709) 748-1159Fax: (709) 748-1111e-mail: nsnelgrove@mountpearl.ca<strong>Mount</strong> <strong>Pearl</strong> is Open for <strong>Bus<strong>in</strong>ess</strong> - www.mountpearl.ca3

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