Sample Calculation
House Valued at $150,000
2007 Calculation
$150,000 x 45% = $67,500
$67,500 / 1000 = $67.50
Municipal Mill Rate: $67.50 x 24.26 = 1637.55
Western School Mill Rate: $67.50 x 22.33 = 1507.27
Education Support Levy: Nil
Total 2007 Tax: $3,144.82
2006 Calculation
$150,000 x 45% = $67,500
$67,500 / 1000 = $67.50
Municipal Mill Rate: $67.50 x 22.78 = 1537.65
Western School Mill Rate: $67.50 x 20.61 = 1391.17
Education Support Levy: Nil
Total 2006 Tax: $2,928.82
Difference
$3,144.82 - $2,928.82 = $216.00
- Less Increase in Property Tax Credit of $125.00
Overall Increase for a $150,000 house is $91.00
Business Valued at $150,000
2007 Calculation
$150,000 x 65% = $97,500
$97,500 / 1000 = $97.50
Municipal Mill Rate: $97.50 x 24.26 = $2365.35
Western School Mill Rate: $97.50 x 22.33 = $2177.17
Education Support Levy: $97.50 x 16.08 = $1567.80
Total 2007 Tax: $6,110.32
2006 Calculation
$150,000 x 65% = $97,500
$97,500 / 1000 = $97.50
Municipal Mill Rate: $97.50 x 22.78 = 2221.05
Western School Mill Rate: $97.50 x 20.61 = 2009.47
Education Support Levy: $97.50 x 16.08 = $1567.80
Total 2006 Tax: $5,798.32
Difference
$6110.32 - $5798.32 = $312.00
Overall Increase for a $150,000 Business Property is $312.00