SANDRA M STANWAY
County council gave first reading to keeping taxes status quo in all areas except farmland.
The county’s manager of finance Matt Fenske said during budget deliberations council indicated they wanted to keep the same tax revenue as last year for residential and non-residential categories but sought an increase in farmland of .75 mills.
The proposal is to increase to 5.4261 mills or $542.61 per $100,000 of assessed value.
Based on a calculation that was completed by Fenske on a per roll basis, the farmland increase will result in 7,503 tax rolls paying $0 to $10 more than last year, to one tax roll that will pay between $90-$100 more than last year.
“The big picture is 99.8 per cent of farmland parcels will see a tax increase of $50 or less due to the mill rate increase,” said Fenske.
The county’s assessment grew by $52.7 million over last year to $4.28 billion.
“On the municipal side of things we’re looking at bringing in about another $109,000 over last year. That’s coming from your farmland,” Fenske said.
Residential assessment decreased so the mill rate is proposed to increase over last year by .0528 mills to 3.9698 mills or $396.98 per $100,000 of assessed value.
The non-residential mill rate is also proposed to decrease by 0.1432 mills to 8.0874 mills thanks to growth in linear taxes from companies such as Brooks Solar Facility which is online and is being taxed.
The province has not released any of their numbers including linear modifiers and the Municipal Sustainability Initiative (MSI) amounts.
Without an amount for education the county’s assumption is they will have to collect $12,477,847 for the public school fund and $244,194 for the separate school fund.
The Newell Foundation is requesting $901,241.
The county expects to raise $31,020,219 in municipal taxes, $2,127,732 is expected to be raised for its special paying tax.