The Municipality of Clarington is proposing a net levy increase of 4.2 per cent every year from 2024 to 2027.
A 4.2 per cent increase in the municipal portion of a resident’s property tax bill would result in an increase of less than $67 per year,” said astatement on Clarington’s proposed 2024-27 budget, which was approved on December 5.
A budget statement released late last month said the proposed four-year annual increase was 4.1 per cent. “The Municipal Property Assessment Corporation has assessed an average single-family detached residence at approximately $425,000. A 4.1 per cent increase in the municipal portion of a resident’s property tax bill would result in an increase of less than $20 per year,” it had said.
The proposed 4.2 per cent tax increase only represents one-third of the annual tax. Any change in the other two-thirds (that goes to the region and for education), will also impact residents.
Clarington tax increase in 2023 was 4.06 per cent. The Town of Whitby, which raised property tax by 2 per cent last year, has proposed a 1.8 per cent increase in tax levy for 2024.
The proposed budget statement asserted that Clarington property taxes are the lowest in the Lakeshore and second lowest in Durham Region for a single-family dwelling.
It said the municipality needs to levy the increased taxes to invest in critical infrastructure and increasing service levels to respond to the needs of a growing population, while maintaining the financial health of the municipality.
Clarington’s population is some 109,400, and is projected to add 221,000 new people and 40,400 new jobs in the next 30 years. This level of growth will require a long-term plan that includes investment in infrastructure and services to meet the needs of a growing community, said the statement.
After yesterday’s public launch, the proposed budget will be presented at a Special General Government Committee Meeting on November 24. On December 4, it will be tabled at a Special Council Meeting, and on December 18, it will be presented at the Clarington Council meeting.
“This is an exciting time in Clarington. This year, we were named the fourth happiest place in all of Canada—and we aim to become number one. This proposed budget is Clarington’s plan to provide families and businesses with the opportunities, services and supports they need to make the most of our municipality’s bright future,” said Mayor Adrian Foster.
Clarington claims to be one of the first municipalities in Ontario to prepare a multi-year budget.
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4.1 % hike comes to ~ 200$ per year for a large number of homes in clarington. I don’t know how $20 came into picture