Council Approves Tax Rates and Ratios 
2021 tax rates and ratios for all classes of taxation have been approved by Timmins Council. Overall, Timmins municipal levy will increase by 1.33 percent. It is important to note that this increase is significantly lower than other northern municipalities, with increases varying between 2.15 percent and 3.9 percent for 2021.

The tax rate for the residential class is increasing by 1.08 percent with an average increase of $34 per residential property.

“When you look at the City’s tax allocation, the residential class makes up 64 percent of taxes collected by the City,” explains Director of Finance Natalie Moore. “This is a decrease of 2 percent from 2019. We are continuing a downward trend to try and alleviate some of the tax burden from residents.”

The commercial class will see a decrease of 1.84 percent with an average savings of $430 per property. This is the 4th year in a row that the commercial class has seen a reduction, which is important in a year where businesses continue to struggle with the impacts of COVID-19.

“This council campaigned on a platform of fiscal responsibility and stability,” says Mayor George Pirie. “These tax rates and our overall budget have delivered on that direction.”

Once tax bills have been received, payment will be due in two installments on June 30, 2021 and September 30, 2021. Payments can be made via online banking, pre-authorized payments, or by mailing in a cheque.
Posted by Amanda Dyer On 5/13/2021 at 8:58 AM  

 
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