It’s that time again: our local municipalities have set their 2019 tax rates. The following are tax rates for 6 area municipalities: Collingwood, The Blue Mountains, Clearview Township, Grey Highlands, Meaford and Wasaga Beach.
Municipal Property Taxes are made up of three elements:
- Education taxes: This rate is set by the Province of Ontario, and collected by your municipality. The monies collected are remitted to your district school board.
- County taxes: This rate is based on the annual budget and tax levy set by County Council. County Council is made up of the Mayors and Deputy Mayors of the member municipalities. In Simcoe County, there are 16 member municipalities, including in our area: Collingwood, Wasaga Beach and Clearview. In Grey County, there are 9 member municipalities, including The Blue Mountains, Municipality of Meaford, and Municipality of Grey Highlands in our area. Each county provides a number of services to its member municipalities such as waste collection, ambulance service and social services.
- Municipal taxes: The tax rate for your municipal services is set by Council’s adoption of the annual budget and relate to the services provided by the municipality, such as roads, recreation, special events and by-law enforcement.
How does your municipality measure up to other communities, and, how much has the tax rate increased or decreased over last year (2018)? You’ll note that Collingwood, Clearview, The Blue Mountains and Meaford all have slight decreases in their tax rates for 2019.
To calculate your estimated property taxes for 2019, multiply your MPAC tax assessment by the tax rate the municipality has set.
For example: for a residence with a $500,000 assessment
in Collingwood, the calculation would be $500,000 x .01164947 = $5,824.74
in The Blue Mountains, the calculation would be $500,000 x .00899804 = $4,499.02
in Grey Highlands, the calculation would be $500,000 x .01088438 = $5,442.19
in Meaford, the calculation would be $500,000 x .01294803 = $6,474.02
in Clearview, the calculation would be $500,000 x .01112373 = $5,561.87
and in Wasaga Beach, the calculation would be $500,000 x .00980684 = $4,903.42
These are residential examples and estimates only. Information has been obtained from each municipality’s website.
Marg Scheben-Edey is a Broker with RE/MAX four seasons realty limited, Brokerage in beautiful Collingwood, ON. With three decades of experience, Marg is a leader in the local real estate marketplace and is ready to help guide both Buyers and Sellers in achieving their real estate goals. Email Marg