Tuesday, June 8, 2010

Tax Rates Rise in Municipality of Lunenburg

Residents in the Municipality of the District of Lunenburg will be paying a bit more in taxes this year. Council approved a two cent increase in residential rates to 81 cents per 100 dollars of assessment. Mayor Don Downe says on an average home of 150 thousand dollars, the two cent increase equals an additional 30 dollars in property taxes, or $2.50 per month. Commercial rates are rising from $1.92 to $2.05 per 100 of assessment. Sewer rates, fire hydrant rates and street light rates are all going up and the Deed Transfer Tax is increasing to 1.25 percent of the value of property transferred. The Municipality approved an Operating Budget of 26 million dollars and a Capital Budget of 10 million.