Milton’s average overall household property tax bill to increase after approval of 2022 budget

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Published December 7, 2021 at 2:15 pm

Milton council recently approved the 2022 budget which will result in an increase in the average overall household property tax bill.

The budget was approved with investments focused on customer service, the modernization of services, sustainability, community safety, asset management, transit and COVID-19 cost mitigation.

In terms of the 2022 capital portion of the budget, council approved a $123.7 million investment in a total of 127 projects. These include new infrastructures to support the Town’s growth and expansion along with rehabilitation and replacement of existing infrastructure.

A total of $164.1 million was approved for the operating portion, which will go towards day-to-day operations in the Town.

Additionally, it will provide funding to deliver programs and services to the Town’s community along with delivering services such as fire, snow clearing, maintenance of roads and parks, transit, Milton Public Library, stormwater pond maintenance, culture and recreation.

“Milton is a vibrant community and Council’s vision is to realize a growing community with an exceptional quality of life,” said Councillor Mike Cluett, Milton’s 2022 Budget Chair.

“As our community develops, so must the Town’s programs and services to accommodate community expectations with service demand, while balancing taxpayer affordability. Value for tax dollar is top of mind for Council as we make strategic investments in our programs and services.”

Milton’s portion of the property tax bill will increase by 5.47 per cent, with an overall estimated blended rate of 2.93 per cent, as a result of the 2022 approved budget,

Therefore, in 2022, the average overall household property tax bill will increase by an estimated $19.99 per $100,000 of residential assessment.

According to the Town, in 2022, a residential home in Milton assessed by the Municipal Property Assessment Corporation at $600,000 can expect to pay approximately a total of $4,219.95.

Milton also continues to be the lowest in residential property taxes in comparison to the other Halton region and bordering municipalities.

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