What impact does the budget have on taxes?
The average residential ratepayer will see a 0% increase to municipal taxes on their tax notice. However, this may vary for properties that have experienced an increase or decrease in market value.
The average non-residential commercial ratepayer will see a 0.88% increase on their tax notice; however, Council has passed a tax incentive bylaw that will result in a 5% reduction based on the first $500,000 of assessment.
