Property taxes to rise in Windsor
Homeowners in Windsor will pay more this year, but it would have been much more if the senior governments had not come to the city’s rescue with financial help last year.
City councillors signed off on a 2.42 per cent property tax increase for residential property owners.
When the next property tax bill comes out in June, it will include another $64 for a home with an assessed value of $150,000.
“We use $150,000 just so we can illustrate to city council what an increase or a decrease will mean on $150,000,” said Deputy Treasurer Janice Guthrie. “[A homeowner] may have more assessment.”
Property owners in the business categories, commercial and industrial, will actually see their tax rate come down between 4.2 and 6.4 per cent.
“Unique to this year, the province actually cut the business educate rate dramatically,” explained Guthrie. “Almost 30 per cent across the board for all of the business classes.”
Had the provincial and federal governments not contributed $10.5-million to keep the city in the black, Guthrie said the city would have had to make increases in the 2021 budget. Instead, spending remained the same as in 2020.