The City of Yorkton mill rates were passed unanimously by Yorkton Council at its regular meeting Monday.
City uniform mill rate down from 23.75 to 23.25 mills. The decrease in the overall mill rate is because the garbage fee is not part of the taxes. Residential uniform rate down from 21.15 to 19.85 mills. This decrease occurs because garbage is not part of the taxes anymore. Commercial uniform rate up from 28.50 to 29.0 mills. The reason this is not up .70 mills even though the majority of commercial properties increase this amount, is because some classes of commercial (namely church halls and the mall property) have a lower mill rate, detailed a report from Lonnie Kaal, Director of Finance with the City.
Kaal explained Council approved the 2011 budget which required a 2.4 per cent tax increase plus a $10 increase in the capital works base tax, which keeps the previous effective tax rate objective of two-times commercial compared to residential.
Multi-units will continue to be treated the same as condominiums and will be subject to the Fire/Police and Gallagher Centre base taxes. When this was introduced some of the changes were phased-in over two years. The phase-in of this class has expired
The tax increase of 2.44 per cent plus $10 capita works equates into the following tax increases.
Residential dwelling or unit - increase $2.92/mo. or $35/yr (fire/police) base tax
Commercial - increase .70 mills = $5.83/mo. or $70/yr on a $100,000 assessment
All properties - increase $10 for capital works base tax
