TISDALE — The Town of Tisdale has determined how it’s going to increase civic taxes to get the extra 1.5 per cent – $4.06 million – it needs to operate this year.
Residents will pay a sum equal to 0.52 per cent of their total assessment, increased from 0.49 per cent last year. For a home with a total assessment of $100,000, that’s $2,092.66, an increase of $23.03. For ones with a total assessment of $200,000, that’s $2,610.32, an increase of $46.06.
Al Jellicoe, Tisdale’s mayor, told The Recorder the town has only three tools it can use to raise money: the base tax, a flat rate applied to every property in town; the mill rate, a proportion of a property’s total assessment; and mill rate factor, which allows the town to change what’s taxed based on the classification of the property being taxed.
The town decided not to touch the base tax this year, which is $1,575 for residences and $1,625 for commercial, industrial and agricultural properties.
“[The taxes] fit in with what we need for the 2018 budget,” he said.
The mayor said how the taxes were levied was fair.
“It’s how we’ve been doing it for many years.”
Commercial and industrial properties will pay a sum equal to 2.43 per cent of their total assessment, increased from 2.40 per cent last year. With a total assessment of $150,000, that’s $5,263.10, an increase of $33.63. For $200,000, it’s $6,475.80, an increase of $44.84.
For agricultural properties, they’ll pay a sum equal to 0.50 per cent of their total assessment, increased from 0.48 per cent last year. The tax bill will be $2,122.75 for an agricultural property worth $100,000, an increase of $15.40.
