The average residential property owner will see an increase of $23 on their property taxes this year and the average farm-related property owner will see an increase of $40 this year.
OXFORD COUNTY - Property owners in Oxford County will see an increase on the county's portion of their property tax bill this year.
Warden Larry Martin says County Council has approved a bylaw to set the 2022 tax rate in stone.
"The average homeowner is going to be looking at about a $23 increase on their property taxes for the year, but that is based on a $250,000 assessment so you have to factor that in when you figure out the assessment your house is at."
He says the average farm-related property owner will see an increase of about $40 this year.
Martin adds Council didn't really consider changing the tax rate, because they haven't received a report from MPAC since 2016.
"If you look at the top change in property values from 2016 to 2022, I anticipate there's going to be a drastic jump when they do release their new assessment. It will be soon I'm assuming but we'll get it when we get it."
Council approved the 2022 property tax policy last Wednesday.