| tax rate | Residential: 6.5 mils, base $340 plus .00001% of assessed value; Commercial: 6.75 mils, base $415 plus .00001% of assessed value; Non-Residential Small Structure: 7.75 mils, base $100 plus .00001% of assessed value; Vacant Land: 7.75 mils, base $190.00 plus .00001% of assessed value; Business Tax: base $310 per business plus 0.00001% of assessed value; Class mil rates: 11 mils (Accommodations 1), 15 mils (Accommodations 2), 20 mils (Personal and Consumer Services), 24 mills (Taxis/Boat Tours/Bus Companies), 25 mils (Food/Beverage Services), 29 mils (Hydroponic Farming), 29 mils (Fish Processors), 33 mils (Retail), 47 mils (Construction/Manufacturing/Freight), 56 mils (Utilities), 119 mils (Oil Company - Tank Farm), 232 mils (Banks); Business with no fixed address: 2.5% Gross Revenue; Utility Tax: 2.5% Gross Revenue | "Residential Property Tax: 6.5 mils" / "Class mil Rate:" / document title "2026 Tax Rates" |
| due dates | All taxes and fees are due and payable in full by May 31st; 10% discount if current property taxes paid on or before March 31st of current tax year | "All taxes and fees are due and payable in full by May 31st" / "s. 112(1)(a) Current property taxes must be paid on or before March 31st" |
| penalty interest | 1% interest (Simple) will be applied monthly to outstanding balances as of May 31st, 2026 | Resolution 2026-151: "1% interest (Simple) will be applied monthly to outstanding balances as of May 31st, 2026" |
scout note
Annual tax rate resolution setting residential (6.5 mils + base), commercial, and vacant land property tax rates, business tax rates by class (11–232 mils), water/sewer charges, and permit fees for the Town of Fogo Island, 2026.