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“This means property assessments for the 2021 property tax year will be the same as the 2020 tax year, unless there have been changes to the property.”
Any property value increase is spread out over four years to lessen the blow. This year the average residential homeowner saw an increase in property assessment of 2.94 per cent, resulting in a property tax hike of 2.15 per cent, or an extra $57.73 for a $150,000 house.
The final tax bills normally are prepared and mailed out in June, with payments due in July, September and November. But in a report going to council Monday, administration is recommending the first payment be deferred from July to August. This is necessary after council deferred the due date for the last of three payments for the interim tax bills from April to the end of June to help families financially strapped due to COVID-10 shutdowns. Guthrie said if tax bills were prepared before June 30, the final bills would reflect money owed that might end up being paid.