Property Taxes

Property taxes are the City's biggest source of revenue. They fund all the programs and services we offer.

Residential and commercial property tax is set every year. We calculate the municipal tax for your property based on the property's assessed value multiplied by the current mill rate. Water tax is calculated on a per unit basis. 

Here's an example of how it works...

A residential property has been assessed at $225,000 in 2024. The residential mill rate is 9.1 mills. To determine the amount of property tax that is paid on that house, you multiply the assessed value by the mill rate: $225,000 x .0091 = $2,047.50. This is the Realty Tax portion of the total tax payable. Add a water tax of $690 (single family dwelling) and the total tax payable for this property in 2024 is $2,737.50.

• Find out more about municipal assessment
• Learn the current tax rates
• Find out more about our programs for property owners, like our seniors tax reduction and the commercial property allowance.
• Request for Tax Certificate Information
• Learn more about how to pay your taxes