ERIN – Council here has adopted the tax rate and levy bylaw for the 2022 rates, which saw an increase of about 1.75 per cent for Erin residents over 2021.
In a May 26 meeting, council reviewed the 2022 tax levy report and approved the two instalment dates proposed by staff.
The first tax instalment is due by Sept. 30 with the second instalment due by Nov. 30.
The report to council noted the 2022 residential tax rate for town purposes increased by approximately 1.75% over the 2021 rate, although the budgeted tax levy increase was 2.9%.
The town’s director of finance Oliver Gob explained the tax rate increase is lower than the budgeted tax levy increase due to higher assessment values for property improvements and/or growth completed in 2021.
Overall, the total combined residential tax rate, which includes the town, county and education portions, showed a 1.67% increase over the 2021 rate.
The estimated tax impact on each $100,000 of residential assessment is approximately $1,098, an $18 increase over 2021 – $5 to go towards the town and $13 for the county.
A special services charge was also applied to each benefitting property within the specific areas serviced by streetlights in the amount of $61.44 per unit, for total revenue of approximately $118,800.
All instalments not paid by due dates will be charged a penalty of 1.25% each month on the outstanding tax portion only.
The payments can be made by cheque by mail or at the secure drop box at the town office, via internet through most financial institutions, through e-transfer to epayments@erin.ca, or by credit card over the phone.
If paying by credit card, there’s a 2% fee if over $200.
Pre-authorized payment plans (monthly or on installment due date) are also available.
