Parsing Your Residential Property Tax Bill

It’s been a month now that city property taxes were due.

One overall fact that often gets lost in the mix – especially at that time of the year – is that a substantial part of the “bill” actually involves the city collecting taxes for others. For 2014, 36% of your tax bill involved collections for other bodies.

Residential Property Tax  Bill

53% of the 2014 tax bill funded the city’s annual budget with another 11%funding utilities (water and waste) and transportation .

I’ll be including various charts and graphs snipped from the city’s latest Annual Report (2014) as we head into budget time this fall. Check out the annual report for yourself. It’s a helpful reference document.

Author: Tim Lavery

Aim High Salmon Arm It matters

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