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Average Brandon homeowner faces $68 tax hike

Now that the city and school board have both tentatively approved their next-year budgets, homeowners can see what the bite will be on their bills.

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Now that the city and school board have both tentatively approved their next-year budgets, homeowners can see what the bite will be on their bills.

There’s no doubt about it — Brandonites will soon be digging deeper into their pockets to pay taxes.

Brandon’s average residential property owner could expect to see a nearly $68 tax hike, when the city’s 1.4 per cent tax increase is combined with the school division’s tentative 2.9 per cent tax increase, according to city treasurer Dean Hammond.

Tax bills by property assessment value

Total 2014 taxes for a property assessed at $150,000:

  • Municipal (1.4 per cent increase) $1,188
  • School Division (2.9 per cent increase) $1,037
  • Homeowner grant (for primary residences) -$700
  • Total taxes due: $1,525

Total 2014 taxes for a property assessed at $222,000 (average residential property):

  • Municipal (1.4 per cent increase) $1,758
  • School Division (2.9 per cent increase) $1,535
  • Homeowner grant (for primary residences) -$700
  • Total taxes due: $2,593

Total 2014 taxes for a property assessed at $225,000:

  • Municipal (1.4 per cent increase) $1,781
  • School Division (2.9 per cent increase) $1,556
  • Homeowner grant (for primary residences) -$700
  • Total taxes due: $2,637

Total 2014 taxes for a property assessed at $300,000:

  • Municipal (1.4 per cent increase) $2,375
  • School Division (2.9 per cent increase) $2,074
  • Homeowner grant (for primary residences) -$700
  • Total taxes due: $3,749

Total 2014 taxes for a property assessed at $375,000:

  • Municipal (1.4 per cent increase) $2,969
  • School Division (2.9 per cent increase) $2,593
  • Homeowner grant (for primary residences) -$700
  • Total taxes due: $4,862

Total 2014 taxes for a property assessed at $450,000:

  • Municipal (1.4 per cent increase) $3,563
  • School Division (2.9 per cent increase) $3,112
  • Homeowner grant (for primary residences) -$700
  • Total taxes due: $5,975

» City of Brandon

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Both the city and school division tax increases combined equates to $67.92 per year, or $5.66 per month, for a house assessed at approximately $222,000. This means the total taxes due, when subtracting the $700 homeowner grant for primary residences, would amount to $2,593.

When broken down, $24.65 from the municipal tax increase combined with $43.27 from the school division’s tax increase makes up the $67.92.

Hammond said the above example reflects what the average residential property owner can expect, providing that property’s assessed value increases at the same rate as the city’s average. The city’s average in 2013 was 14 per cent, which includes an approximate three per cent growth rate due to new properties, Hammond said.

"Of course individual properties may see tax increases more or less than this depending on that property’s value and how much it increased in value in 2014," Hammond said.

Since 2014 is a reassessment year, Hammond said it’s important to keep in mind that every property is going to be different in terms of what home owners can expect for a tax increase.

"At the end of the day, it’s kind of a double-edged sword," he said. "On the one hand you want your property value to go up, that means it’s worth more, but once it goes up in value and it’s assessed higher, then of course you pay more taxes on it."

One of the reasons residential properties receive a "higher than normal" assessment increase is due to property sales values, he said. An assessment can also be below the average if there are any deletions to the property, such as demolishing an unattached garage. Hammond added below average assessments are "rare."

Now that school board trustees have tentatively approved a 2.9 per cent tax hike after budget deliberations on Tuesday, there’s still a chance for some minor changes to be made.

On March 3, the public is invited to make presentations regarding the budget during a special board meeting. Trustees will then finalize the budget on March 10 prior to submitting it before the March 15 provincial deadline.

Last month, city councillors approved a 1.42 per cent tax increase, However, a public hearing on the budget will be held on March 17. The adoption of the city’s financial plan is scheduled for April 7.

» lenns@brandonsun.com

Republished from the Brandon Sun print edition February 20, 2014

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Double edged sword indeed! Yes homes are worth more but the only time people cash in is when they sell their home. I'm surprised that the city treasurer didn't tell taxpayers how much "wealthier" we are than four years ago! That kind of rhetoric needs to stop because all we taxpayers are getting is more broke!

Arlene Saito

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There’s no doubt about it — Brandonites will soon be digging deeper into their pockets to pay taxes.

Brandon’s average residential property owner could expect to see a nearly $68 tax hike, when the city’s 1.4 per cent tax increase is combined with the school division’s tentative 2.9 per cent tax increase, according to city treasurer Dean Hammond.

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There’s no doubt about it — Brandonites will soon be digging deeper into their pockets to pay taxes.

Brandon’s average residential property owner could expect to see a nearly $68 tax hike, when the city’s 1.4 per cent tax increase is combined with the school division’s tentative 2.9 per cent tax increase, according to city treasurer Dean Hammond.

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