The Department of Finance set 2026 property-tax mill rates for Nunavut’s general taxation area, which covers properties outside Iqaluit. Residential properties are taxed at 6.15 mills, unchanged from 2025. Commercial and industrial properties are now in an “all other” category taxed at 6.77 mills, up from last year’s 6.15 mills. Rates also increased for hydrocarbons, minerals and pipelines. Source↗ Source↗

For a commercial or industrial property assessed at $100,000, a 6.77-mill rate equals $677 in annual property tax, compared with $615 at last year’s rate—an increase of $62, before any change in the property’s assessed value. Residential properties outside Iqaluit remain at $615 per $100,000 of assessed value. Iqaluit has its own property-tax system, administered by the City of Iqaluit. Source↗

The department says it will levy the tax and mail notices in late September 2026. Owners will have 60 days from the date on their notice to pay. The public notice does not give total projected revenue from the change or say why the commercial and resource-property rates increased.

The 2026 rates are: residential, 6.15 mills; commercial and industrial (“all other”), 6.77 mills; hydrocarbons, 18.00 mills; minerals, 18.24 mills; pipelines, 35.72 mills; and education, zero. A mill rate is the tax charged for every $1,000 of assessed property value. Compared with 2025, the commercial and industrial rate rose about 10.1 per cent; hydrocarbons rose about 10.0 per cent; minerals about 11.5 per cent; and pipelines about 10.0 per cent. Source↗ Source↗