ANNUAL PROPERTY TAX RATES (2023) BYLAW NO. 10458

Prior to calculating new tax rates based on Council approved increases, the prior year's tax rates are adjusted to account for changes in assessment values of existing properties from one year to the next. Adjusting tax rates ensure that the City collects the same amount of taxes from each class in the cunent year as it did in the previous year. In general, when assessment values increase, the base tax rate decreases and conversely, when assessment values decrease, the base tax rate increases.

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