A few tax related issues from the city.

First, many homeowners will get a break in their taxes when the bills go out in early June.

Chief Financial Officer Margaret Karpenko says if you’re assessment didn’t change your bill will be lower.

“$40-$50 is generally what you can expect if your assessment has not changed. If your assessment is increasing by about 1 % you may see a decrease of about $13,” she says.
Your bill will be the same if your assessment is 1.5 % higher.

Karpenko says the bills must be paid by the end of June.

Meantime, there was a .73 % increase in assessment growth overall. The commercial class led the way at 2.33 % growth.

“We did see about $400,000 in growth in the commercial sector and about $20,000 in the industrial sector. So that’s very good news for the city overall, ” Karpenko says.
North Bay fared very well compared to the other major northern Ontario cities in real assessment growth as well.

North Bay City Councillor Derek Shogren says it was a good year for the growth in the commercial sector specifically.

“Three quarters of it was that. That’s good for the taxpayer and our commercial rates now sit at the best in Northern Ontario among the big 5,” he says.

The big 5 also includes Thunder Bay, Timmins, The Sault and Sudbury.

He says a stable tax increase during the municipal term has also helped

“Our 4 year tax increase is at 1.6 %. Council has worked hard to reduce that number and we’re now 2nd lowest among the big 5,” he says.

Filed under: Derek Shogren, Margaret Karpenko, tax bill