Mythbusting property taxes and assessments

Myth #1: “The Town raises assessments to collect more money.”

Property assessments are completed by independent assessors based on market values. The Town does not control individual assessments. Council only sets the tax rate after assessments are finalized.

Myth #2: “My assessment went up, so my taxes will automatically go up.”

An increase in your assessment does not automatically mean higher taxes. What matters is how your home’s value changes compared to others in the community, and the tax rate set by Council.

Myth #3: “Higher assessments mean the Town is getting richer.”

Assessments reflect market conditions, not municipal income. The Town’s budget determines how much revenue is needed. Taxes are then shared fairly based on property values. If property values and the budget increases, then the mill rate is adjusted to account for the property value increase.

Myth #4: “My assessment notice is just for information.”

Your assessment notice is important! It’s your chance to review your property’s value and ask questions. Residents play an important role in the assessment process.

Myth #5: “Council decides my individual tax bill.”

Council approves the overall budget and tax rate, but your individual tax bill is based on your property’s assessed value compared to others.

Myth #6: “I have no say in property taxes.”

Residents elect a council to act on their behalf, but they still play an important role. Residents can attend budget meetings, provide feedback, and speak to Council directly. Your voice helps shape how tax dollars are prioritized.

Myth #7: “If taxes go up, it’s because of waste.”

Tax changes reflect many factors: inflation, infrastructure, emergency services, higher levels of government, population growth, and community priorities—not just spending decisions.

Myth #8: 100% of my property taxes go to the Town.

The Town does not keep all property taxes. Roughly 30% of every property tax dollar is sent to the Province as the Education Property Tax requisition. The Town collects it—but passes it on.

Myth #9: “If I disagree with my assessment, my only option is to appeal.”

Residents play an important role in the assessment process. You can ask questions, request a review, and, if needed, file a formal appeal. There’s a process in place to ensure assessments are fair.

Myth #10: “My street doesn’t get plowed, so I shouldn’t have to pay as much property tax.”

Property taxes don’t work on a pay-per-use basis. They support services that benefit the whole community, not just individual streets. Even if you don’t live on an emergency priority road, your taxes help fund emergency access, major routes, other roads or pathways you use frequently, and services you may rely on in the future.

Myth #11: “No one checks the Town’s books.”

Municipal finances don’t run on the honour system. Towns are audited every year by independent auditors and must submit detailed financial statements to the Province. These reports are reviewed, public, and required by legislation.