Carleton Place inks budget and tax increase

At a special meeting of Carleton Place council, held on Thursday, Dec 16^th, a final vote was taken on the proposed 2022 municipal budget and tax rate changes. Staff had responded to comments from council over the course of several meetings and was recommending an increase of 1.97%, well below the current 4.7% rate of inflation. This would add just under $40 to the annual property tax bill of a home valued at Carleton Place’s mean assessment of $284K. The town’s total revenue would climb to $12.6M, a 4.77% increase over 2021 with new property growth making up the difference to keep the overall rate increase just below 2%.

Council approved the rate change.

Article by Brian Turner

Author: Hometown News