North Perth has approved the 2024 budget which comes with a 6.58 per cent property tax increase for residential properties in the municipality.
The approval of the capital and operating budget addresses the need to support municipal services and meet expectations of residents as well as invest in current and future infrastructure and asset needs.
The increase in the residential levy equals out to around 39 cents per day.
Councilor Neil Anstett who was the Chair for the budget says this time around they got started early on the budget to get more familiar for what was coming in future meetings.
“We started this process earlier this year, August 28th. That way we had the chance, all of council had the chance to get familiar for what was going to be presented in the upcoming meetings” said Anstett.
Below are examples of the 2024 property tax impact:
| 2024 Tax Levy $19,793,746.00
Assessment Growth 2.83% Growth Equates to $514,612.10 |
|||||
|
Year |
|||||
| Single Family Assessment
272,294 |
Agency |
2024 |
2023 |
Difference |
Dollar per Day |
| North Perth |
$2,297.23 |
$2,144.34 |
$141.89 |
$0.39 |
|
| County (Estimated) |
$871.47 |
$791.95 |
$79.53 |
$0.22 |
|
| School Board |
$416.61 |
$416.61 |
– |
– |
|
| Total |
$3,585.31 |
$3,363.90 |
$221.42 |
$0.61 |
|
|
|
|||||
| Farm Assessment
1,350,103 |
Agency |
|
|||
| North Perth |
$2,847.56 |
$2,671.68 |
$175.89 |
$0.48 |
|
| County (Estimated) |
$1,080.24 |
$981.67 |
$98.58 |
$0.27 |
|
| School Board |
$516.41 |
$516.41 |
– |
– |
|
| Total |
$4,444.22 |
$4,169.76 |
$274.46 |
$0.75 |
|
|
|
|||||
| Industrial Assessment
608,853 |
Agency |
|
|||
| North Perth |
$10,098.46 |
$9,474.71 |
$623.75 |
$1.71 |
|
| County (Estimated) |
$3,830.93 |
$3,481.34 |
$349.59 |
$0.96 |
|
| School Board |
$5,349.11 |
$5,349.11 |
– |
– |
|
| Total |
$19,278.50 |
$18,305.15 |
$973.35 |
$2.67 |
|
|
|
|
|
|
||
| Commercial Assessment
493,121 |
Agency |
|
|||
| North Perth |
$4,619.37 |
$4,334.04 |
$285.33 |
$0.78 |
|
| County (Estimated) |
$1,752.39 |
$1,592.48 |
$159.91 |
$0.44 |
|
| School Board |
$3,864.26 |
$3,864.26 |
– |
– |
|
| Total |
$10,236.02 |
$9,790.79 |
$445.24 |
$1.22 |
|
The 2024 capital budget carries over many projects and introduces new ones including asphalt resurfacing, tennis court revitalization, the transportation master plan and the Listowel Memorial Park and Atwood Park Playground Replacement.