Milton residents will pay 7.99 per cent more on 2023 municipal tax bill
Published January 24, 2023 at 11:15 am
Milton homeowners should prepare themselves for a 7.99 per cent increase on their 2023 municipal tax bill.
The increase was approved at last night’s council meeting and represents an investment of $63 million in capital projects and $184 million through the operating budget to deliver programs and services to Milton’s growing community.
According to the Town, the 2023 budget includes investment in:
- Customer service
- Modernization of services
- Sustainability
- Asset management
- Quality community assets
“Through this budget, Milton council and staff worked hard to balance the cost of living and inflation with providing our residents the service levels they expect from us and rely upon,” said Sameera Ali, budget chair and Ward 4 regional councillor.
“We are taking meaningful steps to make key strategic investments in road safety, park developments, infrastructure renewal and future growth. We know how important these services are to Miltonians and I’d like to thank everyone who made their voices heard through this budget process.”
The 2023 capital portion of the budget represents a $63-million investment in 132 projects, including new infrastructure to support the Town’s growth and expansion, as well as the rehabilitation and replacement of existing infrastructure.
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The operating portion provides $184 million for the day-to-day operations at the Town that deliver important services. It provides the funding to deliver services such as fire, snow clearing, maintenance of roads and parks, transit, Milton Public Library, stormwater pond maintenance, culture and recreation.
“The 2023 budget supports the ongoing need for investment in our service levels and key community assets,” said Andrew Siltala, Chief Administrative Officer.
“This budget supports sustainable growth and further enhances opportunities for our diverse community to access quality programming, places and spaces.”
As a result of the 2023 approved budget, Milton’s portion of the property tax bill will increase by 7.99 per cent, with an estimated overall blended rate of 4.42 per cent, pending approval of Halton Region’s budget at their meeting on Wednesday, Jan. 25.
Therefore, the average overall household property tax bill may increase in 2023 by $31.09 per $100,000 of residential assessment.
The average residential home in Milton assessed by the Municipal Property Assessment Corporation at $600,000 can expect to pay approximately $4,407.30 in property taxes for 2023.
For more on the Town’s budget, visit their website.
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