Council gave unanimous consent to three readings for a 1.5 per cent tax rate increase at its April 25 meeting.
Assessment for the average residential property this year has also risen to $318,509. Combined with the tax rate increase, the average homeowner will pay $66.25 more in municipal taxes this year.
For non-residential properties, the average assessment has increased to $898,335. With the higher tax rate, the average owner would pay $362.22 extra this year in municipal taxes.
Requisitions the town pays have also risen. The Educational Property Tax Requisition from the province is up 3.44 per cent to $3,571,817.
From Mountain View Seniors' Housing, the requisition has increased 4.46 per cent to $190,687.
This tax rate bylaw can be interpreted both as an increase and a decrease.
On the one hand, residents will pay less in municipal taxes than last year, when the town raised the tax rate by 2.25 per cent from 2013 levels to fund the splash park.
In 2014, the town raised the rate to replace snow removal reserves.
But this latest tax rate increase will be the first permanent one since 2013, representing the new baseline for general municipal purposes.
