The Little Village That Could -- And Did -- Lower Property Taxes
Nobleford: It's rare for the media to get news releases reporting Property Tax decreases.
Usually, when any community sets its property tax rate, it's stated soberly and
sometimes with regret, since the rate is being increased. However, on Thursday,
we learned the Village of Nobleford has done it again -- reduced it's property
The Village isn't gloating -- the little community's officials are just
proud of their accomplishments.
Village Council approved a balanced budget with expenditures of $2.3
million this year. The municipal Mill Rate is set at 1.5, down from 1.7 last
year. About half of the village's property tax stems from provincially set
Education taxes, which increased this year. When the school taxes are taken into
account, Nobelford's total Mill Rate is set at 3.195. However, that rate still means most
property owners will have a reduced tax bill this year.
Nobeleford started reducing property taxes five-years ago and its
taxes are now half of what they were in 2006. A property owner with a home
assessed at $313,000 will have a tax bill of about $1000.
By its own accounts, Nobleford has experienced significant growth, with
property assessment value rising from $23-million in 2004 to $93-million in
2010. Last year, development permits totaled $11.5-million, which is only
slightly less the the record of $11.7 set in 2007.
Posted on Thursday, May 05, 2011 at 3/7/2014 4:48:43 PM
Source: Dori Modney -- Country 95 News