Township finalizes tax rates
It’s now official. North Glengarry council adopted the township’s 2016 budget last week, after getting no feedback from the public.
Treasurer Johanna (Annie) Levac said the municipality had not received any questions or concerns about the budget.
Because of an average 4.53 per cent property assessment increase, most homeowners will be paying more in property taxes this year, in spite of a municipal tax rate freeze.
For example, the assessment on a $100,000 residential property has increased to $104,530, meaning the owner will pay $22.97 more in municipal taxes this year than in 2015.
At the same time, the township expects to collect $4,968,804 in municipal property taxes, or $264,304 more than the $4,704,500 that was collected in 2015.
Municipal taxes on $100,000 properties will remain at $507.
For commercial properties assessed at $100,000, owners will pay $828.40; the tab on an industrial property of the same value will be $1,046.10 and municipal taxes on farmland will be $126.70.
The township also passed the water/sewer budget that reflects a two per cent hike on users’ minimum rates. Water rates will increase to $57.79 from $56.66 per month. Sewer rates will rise to $31.53 from $30.91 per month. The township also increased the water/sewer rates in 2015 by two per cent.
The township noted since its last meeting, it added $25,000 to both its water and sewer capital fund for unforeseen capital costs. This money isn’t earmarked for any specific projects in 2016.
It also indicated since it doesn’t have many related planned capital projects for 2016, the municipality will transfer $279,842 to its water reserves and $178,225 to its sewer reserves. The township will need these funds for future capital projects.