Township council approved the final draft of the budget during its first session of tne new year January 9.
“I’m satisfied,” said Mayor Robert Kirby. “We tried to shave it (tax rate) as close as we could.”
The 2023 municipal budget totals $5,144,025, and includes a municipal levy of $2,481,333. The levy represents the property taxes the township must collect to cover all operation and capital works expenses not paid for through senior government grants and other revenues.
This year’s municipal levy means a 3.5-per cent increase in taxes compared to the 2022 budget’s municipal levy.
For the average homeowner with a house and land within the township valued at $209,874, that means a $36.08 increase in the municipal portion of the property tax bill for that house and land which would equal $1066.93.
Other residential properties within the township would have higher or lower increases to their 2023 property tax bills depending on their evaluations. Commercial, industrial, agricultural, and other types of properties will have different tax evaluations.
The annual property tax bill includes both the municipal portion and the property taxes levied by the United Counties of Prescott-Russell, local school districts, the provincial government, and other agencies.
