Town property tax: $5,381,470 in 2023, $6,290,569 in 2024.
Ontario Financial Information Return (FIR), 2019 to 2024 · Schedule 10, line 9940 · archived copy
Typical increase among 50 similar Ontario towns: 7.6%. Marmora and Lake ranks 4th highest.
Ontario Financial Information Return (FIR), 2024, 50 similar municipalities · Schedule 10, line 9940 · archived copy
Residential tax rate (town share): 0.821% in 2023, 0.939% in 2024. Residential assessment: $601M to $607M.
Ontario Financial Information Return (FIR), 2019 to 2024 · Schedule 22, residential (RT) · archived copy
Prices (inflation) rose 2.4% over the same year.
Statistics Canada CPI, table 18-10-0005-01 · archived copy
The town’s own explanation in its 2024 budget: the total tax levy (the part of property tax the town keeps for its own services) rose from $5,375,423 to $6,201,465, up $826,042. Of that, $610,501 was for day-to-day running costs and $215,541 was for capital (roads, buildings, equipment). One percent of the levy is $53,754.
2024 Final Budget · page 10, Summary of Tax Levy Change
The same budget lists “2024 Unavoidable Costs” of $193,800: Quinte Conservation $12,800, municipal insurance $52,100, the recycling contract $42,700, loan payments on new borrowing $69,700, and a $16,500 cut in the Province’s OMPF grant. The 2024 budget also added $100,000 for legal costs about the union and $99,000 more into the bridge reserve.
2024 Final Budget · pages 12, 14 and 21
The town says the capital part of the levy had been cut: $658,772 in 2019, $528,813 in 2022, $326,645 in 2023. “In 2022 and 2023, capital work decreased, creating a greater gap in meeting the municipality’s Asset Management obligations. The 2024 and 2025 Budget increases and the proposed 2026 Budget increase are aimed at closing this gap.”
2026 Draft Budget Report · page 14 (the 2019 figure is in the 2024 Final Budget, page 10)
An outside review for the town in January 2023 found “inconsistent and/or insufficient contribution to reserves”, and that in 2020 the town had “the lowest reserve level per household amongst the comparator group”.
KPMG Line-by-Line Review of the Municipal Budget · PDF page 11, observation 1.6 and rationale
For a home assessed at $167,000, the town’s share of the tax bill was budgeted at $1,567.30 for 2024 against $1,371.19 in 2023, up $196.11 (14.3%). Adding the County and school shares, the whole bill rose 10.38%, or $224.28. The Province’s figure above (16.9%) counts the property tax actually collected in the year, which can differ from the budgeted levy (up 15.4%).
2024 Final Budget · pages 7 and 8
Audited statements: property taxation revenue $6,290,569 in 2024 (budget $6,213,165) and $5,381,470 in 2023. Reserves rose from $3,236,763 to $4,305,532 in 2024.
Consolidated Financial Statements, December 31, 2024 · PDF page 7 (statement of operations); PDF page 20, note 11