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Contact Us. Yolanda Melburn Deputy Clerk Township of Alnwick/Haldimand Grafton Municipal Building 10836 County Road #2, Grafton Ontario, Canada K0K 2G0 T. 905-349-2822 x 32. Nick Hoornweg Chief Building Official Township of Alnwick/Haldimand Grafton Municipal Building 10836 County Road #2, Grafton Ontario, Canada K0K 2G0 T. 905-349-2822 x 27.
Sep 26, 2024 · The proposed mill rate of $7.09 is 33 cents lower than last year’s and $2.19 lower than in the 2021-22 school year. The mill rate is property tax per $1,000 of equalized property value.
Sep 12, 2024 · School district lowers mill rate as valuation increases. GRAFTON—Grafton School Board met in the school library to better accommodate the public and approved their budget for the 2024/2025 school year. It was moved by Maggie Suda and seconded by Jenn Thompson to approve the certificate of levy for the 2024/2025 fiscal year.
- Mill Rate Factors
- Minimum Tax
- Base Tax
A municipality may establish a mill rate factor by bylaw to transfer some of the cost of public services from one property classification to another. All property in a municipality is classified as agricultural, residential or commercial. Mill rate factors essentially adjust the mill rate, with the result that the effective mill rate for a specific...
A minimum tax may be established by bylaw to increase the amount of taxation revenue generated from lower assessed properties within one or more property classifications. Minimum tax will generally be a specified value or amount; however, it may also be expressed in a formula. This tax policy will reduce the uniform mill rate which will benefit pro...
A base tax may be applied by bylaw to all properties within one or more property classes. Base tax will be a specified amount. A base tax will lower the tax rate reducing the difference in property taxes between lower and higher assessed properties. Your municipal taxes will be determined by adding the base tax to the ad valorem tax calculation. In...
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The Mill rate is the amount of tax payable per dollar of the assessed value of a property. The mill rate is based on 'mills'; as each mill is one-thousandth of a currency unit, one mill is equivalent to one-tenth of a cent or $0.001. Property tax in dollar terms is calculated by multiplying the assessed property value and the mill rate and ...
Aug 6, 2021 · Grafton City Council passed its preliminary budget Monday, decreasing overall expenditures by $264,545, from $13,291,790 in 2021 to $13,027,245 in 2022. The net result will be a reduction of 2.91 mills from 126.43 to 123.52. City Administrator Nick Ziegelmann informed the council that salaries and benefits increased 2.47 percent, maintenance/ operations decreased 1.38 percent and capital ...
People also ask
Does a higher mill rate affect property taxes?
How do I pay my property tax in Grafton?
What is a mill rate?
What are mill rate factors?
Can a municipality establish a mill rate factor?
Why did the council decide to use mill rate factors?
Nov 10, 2022 · A mill rate is a figure many municipalities use to calculate your property taxes. One mill is 0.1 cents or one thousandth of a dollar. Thus, a mill rate of 1 means you pay $1 in taxes for every $1,000 of your property's assessed value. Municipalities determine your tax liability by multiplying your home's assessed value by its mill rate, which ...
