Negligible increase for Collingwood taxpayers 0
COLLINGWOOD - You might need a microscope to see this increase on your taxes.
On Monday night, council closed the book to the 2012 budgeting process, approving the property tax rates.
The average home (valued at around $251,000) will see a tax increase of $4.74, or .15%, to around $3,211 - once the municipal, county and education portions are factored in.
While the municipal portion decreased by about $23, the county portion increased by $28; much of that increase, however, is tied to increases in the waste management fee, from $135 per household, to $155 (for households that receive municipal garbage collection services).
The education portion of the property tax bill decreased by just over a nickel.
To get a general idea of what your property taxes will be for 2012, multiply your property's value (based on its market value assessment determined by the Municipal Property Assessment Corporation) by 1.21%.