You and "YOUR" Property Tax Bill - The 2010 draft budget goes before council today

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Services for Real Estate Pros with My Time Is My Own

You and "YOUR" Property Tax Bill - The 2010 draft budget goes before council today

 

Today is the day Council looks at the 2010 draft budget to be presented by the finance committee. It will be presented to council at their meeting this afternoon.

Over the years Uxbridge has held a fairly tight reign on tax increases with several years in recent memory having zero mill rate increase and a stable assessment system. This resulted in Zero Tax Increases for local homeowners.

What has changed is the leadership in Uxbridge, with staff retirements and changes to council the old guard influence is no longer felt. Couple that with the changes implemented by the Province in the assessment process and once again property taxes may soon be a major headache for those running for re-election in the next municipal election.

To be fair the growth rate in Uxbridge has also affected the bottom line, as the need for items such as a new fire hall and equipment must be worked into the budgeting process, but new growth should be paying for the new demands on the municipal coffers.

With at least one of the old guard talking about returning to the municipal scene it will be interesting to see how much of a hit the local taxpayers are going to be facing this year.

I wonder if they can once again bring in a zero percent increase as Markham recently did utilizing their E3 program (Excellence Through Efficiency and Effectiveness)

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Rainmaker
828,063
Marc Swartz
Toronto, ON
CPA, CA - Toronto, Durham & York Regions, Ontario

Markham has had many zero percent increases on the Town of Markham's portion of the property tax bill in many years over the past couple of decades.

Jan 18, 2010 05:43 PM #1
Rainmaker
117,206
Barrie Clulow
My Time Is My Own - Uxbridge, ON

Marc - they were not alone Uxbridge did for several years then things changed as the make up of council changed along with several top administrators.

Jan 19, 2010 12:28 AM #2
Rainmaker
895,502
Brian Madigan
RE/MAX West Realty Inc., Brokerage (Toronto) - Toronto, ON
LL.B., Broker

Barrie,

Newer communities can hold the line for a while, then the old stuff needs replacing and the developers have left, so that just leaves the taxpayer.

Brian

 

Jan 19, 2010 07:46 PM #3
Rainmaker
117,206
Barrie Clulow
My Time Is My Own - Uxbridge, ON

Brian - but by then the reserves that they build into their budgets along with other levels of government contributions  should be sufficient for most replacement projects.

It is the new Fire halls, Community Centers, Arenas etc that can break a taxpayers back if lot levies are not in line with the additional services that are going to be required to service new growth.

Jan 21, 2010 01:38 PM #4
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Rainmaker
117,206

Barrie Clulow

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