Bradford taxes to increase 0.37%

It turns out the average Bradford West Gwillimbury homeowner will see a property tax increase of 0.37 per cent in 2014, not the nearly 2 per cent town officials previously anticipated.

This translates to a taxation increase of $14.73 for a home valued at $351,200.

The revised taxation increase comes after the municipality received average house assessment values and after Simcoe County approved its 2014 budget.

“This is the best news we’ve had in a long time,” said Councillor Gary Lamb at a meeting Tuesday.

Homeowners with an assessment of $351,200 will pay $4,007 in property taxes in 2014.

The municipality will collect $1,394 of that, while the county will take $1,067.

The total property tax also includes levies for library, police, education and special capital projects.