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Property Tax Ratio Increase Set for Zorra Township

Tuesday, 7 May 2019 16:09

Property owners can expect a 6.59 percent increase on their taxes this year in Zorra Township.

ZORRA TOWNSHIP - The Township of Zorra has set it's property tax ratio. 

Property owners can expect a 6.59 percent increase this year. Mayor Marcus Ryan explains why that number was finalized now, when the budget was completed a month ago. 

"The property tax bill can't be completed until the Province sets the education rates that go on there and the County sets it's ratio, so all those pieces came into place at the end of April. The property tax bill was finally rolled out with the overall increase that residents will see in Zorra at our May 1st meeting. So that is going to be a 6.59 percent increase with all those things taken into account." 

Ryan says he is frustrated about the inequity between residential property owners and farm property owners because the decision by Oxford County council to not change the farm tax ratio. 

"So for instance a 100 acre parcel of land in Zorra that I know of, is going to pay a $570 dollar increase this year and a residential property in Zorra is going to pay a $27 dollar decrease there and that is with a 6.59 percent increase in the overall property tax bill. So there is an inequity there that I think is inherently unfair and I am disappointed that some of our farmland owners are going to see that increase." 

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