Final 2017 Selwyn Township tax levy

 

May 26, 2017

 

BY TERRY GILLIS

 

Near the beginning of 2017, Selwyn Council’s approved budget included a 3 percent increase in the net tax levy. There was no increase in the O.P.P. area rate levy and a decrease in the Peterborough Police area Levy.

At Tuesday’s meeting, R. Lane Vance, Manager of Financial Services/Treasurer, reported to Council that all of the applicable County and education tax rates have now been approved. There were some delays in receiving the approved tax ratios and new landfill class information. Nevertheless, according to Mr. Vance, the Township is on track to approve the schedule for tax rate consideration. The annual final tax billing/mailing will be completed in June.

After all rates are applied, a typical house in the rural ward with an assessed value of $285,764 would expect an increase of $40.71. That same house in the Village ward would expect a decrease of $44.78. The primary reason for the difference is the decrease in the Village police area rate.

A  consolidated  tax  rate  comparison  year  over  year  was prepared by Financial Services staff and demonstrates the  impact  on  the typical homeowner when the new residential tax rates are applied.

Council had no comments or questions and the By-law to establish the rates of taxation for the Year 2017 was approved.