The base tax rate and uniform mill rate set at 4.77% and 1% increase in recreation levy has been officially approved by Melville City Council for the 2023 Tax year.
For the residents of Melville, the average taxable assessment will see an increase of around $99.00 a year.
Taxes are calculated by taking the assessed value and multiplying it by the percentage of value with the resulting value is the taxable value, which is then multiplied by the mill rate & divided by 1000 to get the municipal taxes.
The Provincial government did not change the School mill rate in 2023, staying at 1.42 percent for agricultural, 4.54% for residential, 6.86% for commercial/industrial and 6.86% for resource.
Tax notices in Melville are expected to be issued by the end of the month with a payment without penalty deadline of Aug. 31st, 2023.