By Justine Kelsie

City proposing 4.1 per cent property tax reduction for 2019

Nov 16, 2018 | 5:08 PM

Based on all decisions made in the past three days, the city is proposing a 4.1 reduction in property tax in 2019. 

Director Susan Walker presented the newest calculations at the end of the day Friday. 

With debt restructuring decided upon during deliberations, the council proposed that 50 per cent of the realized savings would go into stabilization while the other half will go into reserves. 

“We give that benefit to the current generation of taxpayers for a number of years and we are building savings,” said Mayor Bill Given in support of the 50-50 split.

On average, it would be mean a reduction of about $129.56 on a tax bill. An average tax bill would come out to about $3,030. 

Plan Ahead

Why Would You Pre-Plan Your Funeral?

Apr 03, 2024

Dying away from home

What Happens if You Die Away From Home?

Mar 04, 2024

Flag Retiring Ceremony

What Do You Do With Worn-Out Flags?

Feb 01, 2024

Property tax for next year will not be finalized until a December 3 city council meeting. For following the years 2020, 2021 and 2022, there is room to change the tax impact and a full break-down is set to be presented at a future meeting.