Town to set zero tax hike

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For at least the 12th year in a row, the town of Laurentian Hills is set to maintain a zero per cent increase in its local tax rate.

Laurentian Hills council will deal with its 2024 budget at its May meeting Wednesday morning.

The draft budget is posted on the town’s website for the public to view in advance of the meeting.

The budget proposes freezing the town’s tax rate where it has been since 2013, at $742 for every $100,000 of assessment.

Individual property taxes are the result of the tax rate times the property’s assessed value.

The town’s total property assessment value has risen from roughly $290 million in 2013 to just over $400 million in 2024, meaning total tax revenue has risen by almost 38 per cent over that time.

In addition to residential taxes of just over $2.4 million, the town also receives more than $644,000 in pipeline taxes and $385,128 in “grants in lieu” of taxes from the Department of National Defence, Environment Canada, Ontario Power Generation, the Ministry of Natural Resources, and other agencies.

Federal and provincial grants will total more than $517,400 in 2024, and the town will carry over a surplus of $489,906 from 2023…

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