The Mountain View County policies and priorities committee has been given an update on assessments across the municipality.
The review came during the recent regularly scheduled committee meeting.
The 2017 market summary report for the 2018 tax year was presented on April 4.
The report looked at five property classes: residential, non-residential, machinery and equipment, farmland, and linear/co-generation.
In 2017, total assessment values increased in three of five property categories, resulting in a total taxable increase of 1.08 per cent overall growth, with 0.61 per cent attributed to real growth.
By way of comparison, in 2016 there was a decline of 0.61 per cent in overall growth and a 1.75 per cent decline attributed to real growth.
- Residential assessment totalled $2,291,489,100 in 2017, up 1.49 per cent from 2016’s total of $2,257,774,140 for a change of $33,714,960.
- Non-residential assessment totalled $355,862,100, up from 2016 total of $352,051,570 for a change of $3,810,530 or 1.08 per cent.
- Machinery and equipment assessment totalled $481,877,180 in 2017, up from $480,447,690 in 2016, an increase of $1,429,490 or 0.30 per cent.
- Farmland assessment was $157,262,430 in 2017, down from $157,520,940 in 2016, a decline of 0.16 per cent or $258,510.
- Linear and co-generation assessment was $1,234,720,280 in 2017, down from $1,245,829,390 in 2016, a decline of $11,109,110 or 0.9 per cent.
Overall the 2017 assessment was $4,521,211,090, an increase of $27,587,360 or 0.61 per cent from 2016.
The complete assessment report is on the county’s website.
