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2009 Municipal Budget Presented by: Reeve Richard Kidd May 5th, 2009 PowerPoint Presentation
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2009 Municipal Budget Presented by: Reeve Richard Kidd May 5th, 2009 2009 Municipal Budget Township of Beckwith Municipalities generate property tax bills to all properties within their boundaries including Residential, Commercial, Industrial, Managed Forest, Pipeline and Farmlands.

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2009 Municipal Budget

Presented by: Reeve Richard Kidd

May 5th, 2009

2009 municipal budget township of beckwith
2009 Municipal BudgetTownship of Beckwith

Municipalities generate property tax bills to all properties within their boundaries including Residential, Commercial, Industrial, Managed Forest, Pipeline and Farmlands.

Beckwith is a lower tier municipality which means it collects taxes for Local Municipal Services, County Services and School Boards.

2009 municipal budget township of beckwith3
2009 Municipal BudgetTownship of Beckwith

Tonight’s budget presentation is for the municipal portion only.

To calculate the tax rate the municipality calculates the total cost for all services, less any offsetting revenues such as grants, user fees, money borrowed or transferred from reserves. This total is divided by the total weighted assessment of the municipality.

2009 municipal budget township of beckwith4
2009 Municipal BudgetTownship of Beckwith
  • Total Expenditures $7,973,286.
  • Total Revenues of $5,878,066.
  • Total 2009 Local Levy of $2,095,220.
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2009 Municipal BudgetTownship of Beckwith

Waste Management Fee Increase –$5.50 per residential property.

2009 municipal budget township of beckwith17
2009 Municipal BudgetTownship of Beckwith

BUILDING CANADA FUND

● New infrastructure program announced with the priority to stimulate the economy while addressing local infrastructure needs.

● Joint federal-provincial investment of one-third each for local infrastructure projects.

● Received funding approval for a Outdoor Lit Artificial Turf Multi-Use Sports Field - $1,286,000; Beckwith’s share $428,666.

2009 municipal budget township of beckwith18
2009 Municipal BudgetTownship of Beckwith

BUILDING CANADA FUND – con’t

● Pending approval for the following projects:

Building Canada Fund – Communities Component

7th Line Road Reconstruction$1,481,406

Infrastructure Stimulus Fund

Lake Park Road Reconstruction$900,534

Beckwith Sports Project – entrance road and parking lot$400,029

Joint Trail Development Project - Beckwith’s share $436,002

2009 municipal budget township of beckwith19
2009 Municipal BudgetTownship of Beckwith

ASSESSMENT UPDATE

  • Municipal Property Assessment Corporation (MPAC) is responsible for determining the property classifications and current value assessments for all properties in Ontario.
  • Last fall, MPAC mailed Property Assessment Notices to every property owner.
  • Your Property Assessment Notice shows the assessed value of your property based on a January 1, 2008 valuation date.

●Last province-wide assessment update took place three years ago and was based on a January 1, 2005 valuation date.

2009 municipal budget township of beckwith20
2009 Municipal BudgetTownship of Beckwith

CHANGES TO PROPERTY ASSESSMENT SYSTEM

●Introduction of a four-year assessment update cycle.

● Phase-in of assessment change over four years.

2009 municipal budget township of beckwith22
2009 Municipal BudgetTownship of Beckwith

Distribution of Tax Bill

For every dollar of taxes paid by a residential homeowner, the township receives $0.33; the county receives $0.43; and the school board receives $0.24.

2009 municipal budget township of beckwith23
2009 Municipal BudgetTownship of Beckwith

● Average assessment of residential properties in Beckwith Township increased by 6.13%.

  • Taxation growth from new properties is 1.7 per cent in 2009.
  • Taxation will either increase or decrease in portion to your assessment change.
2009 municipal budget township of beckwith24
2009 Municipal BudgetTownship of Beckwith

●2009 Local Residential Tax Rate remains the same as the 2008 Residential Tax Rate.

● Total Combined Residential property taxes will increase by 3.27%.

2009 municipal budget township of beckwith25
2009 Municipal BudgetTownship of Beckwith

HOW PROPERTY TAXES ARE CALCULATED?

Education Rate

Property Tax = Current Value

Assessment X County Rate

Municipal Rate

2009 municipal budget township of beckwith27
2009 Municipal BudgetTownship of Beckwith

IMPORTANT DATES

  • Final Tax bill installments are due Wednesday, June 24 and September 23, 2009.
  • For your convenience the municipal office will be open Saturday, June 20 and September 19, 2009 from 9:00 a.m. – 12:00 noon, to receive tax payments.
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2009 Municipal BudgetTownship of Beckwith

● Thank you to Council and Staff for all the hard work and effort in preparing the 2009 budget.

● This report will be made available on the Municipal website at www.twp.beckwith.on.ca

● Questions?