The average Deep River homeowner will face a tax hike of $94 or 2.93 per cent under the town’s draft 2023 municipal budget.
The budget will be presented to council for discussion for the first time tonight.
Town staff have suggested council hold a public meeting on the budget May 10, with final approval May 24.
The proposed $94 increase reflects the taxes on a single family home with a median assessed value of $204,000.
It includes no increase in the provincial education tax rate, a $20 increase (2.6 per cent) in the county portion of the property tax bill, and a hike of $74 (3.5 per cent) in the municipal levy.
In dollar terms, the total tax bill would rise from $3,206 in 2022 to $3,300 this year.
In a report to council, town staff say that historically, council has set a “target” increase in the budget before the draft budget is prepared.
“For 2023, however, staff adopted a modified approach, given the lasting effects of the pandemic, volatility in inflation, changes to the availability and cost of materials and services, and significant changes in the town’s revenue streams”…
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