Tuesday, January 25, 2011

Residential Taxes Increasing 4.2% This Year

 2011 Financial Plan Bylaw Passes

City council passed the Financial Plan Bylaw which means local residents are looking at a 4.2% tax increase this year from the city. User fees of course are also going up and are not reflected in the 4.2% increase.

This means a home with an average assessed value of $350,000 will have to pay an additional $90 in taxes not including the increase in fees for water usage and garbage pick up.

Councilors of course can still move to reduce taxes before a final adoption, but I suspect that will happen when it is announced that hell has frozen over.

To View The Financial Plan Click Here.

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