posted Feb 20, 2012, 9:06 AM by Kelly Collard
updated Feb 20, 2012, 9:07 AM
SEGUIN TWP. – The 2012 tax bills in Seguin Township are expected to look an awful lot like the 2011 ones.
That’s because the township approved a draft budget that keeps tax revenue collected for the township and school board the same as last year.
The decision comes with the assistance of lower than expected levies from outside agencies and more than expected from the provincial government.
Before the most recent changes to the 2012 draft budget, the township was looking at increasing the municipal tax rate by two per cent.
Council unanimously gave its approval in principal to the draft 2012 budget with a zero per cent tax rate increase during the February 6 meeting.
“It’s a good news story for all our residents,” said Seguin Mayor David Conn before calling the vote.
The final budget is expected to go before council in May. For 2012, the average property value increased in Seguin Township by 4.75 per cent.
That means property with an assessed value of $100,000 in 2011 is worth $104,750 today, producing more tax revenue at current rates.
In addition, contributions required from Parry Sound District municipalities for Parry Sound Emergency Medical Services rose by 9.9 per cent instead of the projected 12 per cent, and Belvedere Height’s Home for the Aged decreased its levy to funding municipalities from $1,049,696 in 2011 to $985,797 this year. The province’s transfer payment for social services and policing costs came in $143,100 higher than projected.
Combined, changes meant the township could actually lower the tax rate a fraction and still cover expenses and plan for tomorrow by putting money in a municipal contingency fund.
Revenue for the Near North District School Board is also collected through the township based on property values. The school board’s 2012 rate also dropped this year from .23 per cent to .22 per cent with increased property values allowing schools to capture the same revenue at a the slightly reduced rate.
While the picture looks good so far, the rate remains subject to change before final approval in May, as the township awaits levies from the North Bay Parry Sound District Health Unit and Parry Sound District Social Services Administration Board.