FINANCE

INFORMATION BULLETIN – June 2016

Tax Notices have been mailed to property owners with Residential, Farm, Managed Forests and Pipeline property classes. The final tax levy is split into two installments, being due July 29, 2016 and September 30, 2016.  Tax notices for Multi-Residential, Commercial and Industrial properties affected by the Provincial capping restrictions will be mailed out later in the year when these restriction adjustments have been completed.

By-law No. 2016-29 was passed by Council on May 17, 2016 to adopt the 2016 Rates.

The Township of McNab/Braeside is the 4th highest contributor to the Renfrew County levy in 2016. The Township will submit payment for the County levy in the amount of $3,032,041.00 in 2016.

For every dollar the Township collects in residential taxes, the Township retains 48 cents, the Schools receive 18 cents and the County receives 34 cents. In 2015, the Township Tax rate was the 5th lowest in Renfrew County.

2016 PROPERTY TAX RATES

Property Class Own Purpose County Education Total Tax Rate
Residential/Farm     0.00483867     0.00345406       0.00188000     0.01017273
Multi-Res     0.00940445     0.00671332       0.00188000     0.01799777
Commercial     0.00878074     0.00626809       0.01362616     0.02867499
Comm. (New Construction)     0.00878074     0.00626809       0.01180000     0.02684883
Comm. (Excess/Vacant)     0.00614652     0.00438766       0.00953831     0.02007249
Industrial (Restricted)     0.01356330     0.00992395       0.01500000     0.03848725
Industrial (New Construction)     0.01356330     0.00992395       0.01180000     0.03528725
Ind (Excess/Vacant)     0.00881614     0.00645057       0.00975000     0.02501671
Pipelines     0.00644898     0.00460357       0.01171969     0.02277224
Farmlands     0.00120967     0.00086352       0.00047000     0.00254319
Managed Forests     0.00120967     0.00086352       0.00047000     0.00254319
2016 TOWNSHIP BUDGET
Revenue, Operating & Capital Expenditures
Revenue Amount           Expenditures Amount
Taxation 4,234,621 General Government 1,162,579
Garbage Levy 567,915 Fire Protection 614,379
Federal Gov't 740,362 Policing 705,154
Provincial Gov't 59,184 Building Inspection 96,318
Payments in Lieu 204,004 Transportation 5,428,184
Other Municipal 110,490 Waste Management 837,129
Waste Management 168,670 Rec/Museum/Library 1,063,632
Recreation/Museum 52,647 Animal Control/Other 96,450
Penalties, Interest 121,500 Planning 133,370
Licences, Permits 114,569 Street Lights 71,730
Reserves Transfer & Debt 3,854,738 Emergency Planning 19,775
 Total Revenues 10,228,700  Op. & Capital Expenditures 10,228,700

Tax Information

The Township mails two tax bills each year. The first tax bill is the interim tax bill with one instalment due at the end of March. The Interim Tax Bill is calculated at 50% of the previous year's total Taxes Levied. The Final Tax Bill is calculated using the current market value assessment times the tax rates less the interim bill amount, and the balance is divided into two instalments due at the end of July and September.

Collection of Taxes

A PENALTY OF 1¼% per month will be added to any outstanding amount on the 1st day of each month until paid. Failure to receive a Tax Bill does not relieve the Taxpayer from payment of Taxes or Penalty. If a property has changed ownership, please return the Tax Bill to the Township Office.