Taxes & Budget
Treasury/Taxes
The Village is responsible for maintaining all financial records of the municipality. Some specific areas include:
- Preparing/issuing billings for property taxation;
- Annual operating budgets and capital budgets;
- Financial reports;
- Preparing grant applications.
Operating Budget
Our budget establishes the projected revenues and expenditures for the year.
Operating Budget 2024
Tax Rates
By-law 2024-10: Tax Rates for 2024
| Class | Municipal Portion | Education Portion | Total Tax rate |
|---|---|---|---|
| Residential (RT) | .01847305 | .00153 | .02000031 |
| Multi Residential (MT) | .02822497 | .00153 | .02975497 |
| Commercial Occupied (CT) | .02032036 | .00880 | .02912036 |
| Commercial Vacant Land (CX) | .02032036 | .00880 | .02912036 |
| Industrial (IT) | .02032036 | .00880 | .02912036 |
| Industrial Vacant Land (IX) | .2032036 | .00880 | .02912036 |
Residential Tax Bills and Installment Due Dates
Property owners will receive two tax bills during each year. An interim tax bill is sent in early March. It is based on 50% of the previous year’s taxes. A final tax bill is mailed in early August.
The due dates each year are March 31 and August 31.
Tax Bill Payment Options
- Municipal Office, 3100 Bowker Street, Hilton Beach P0R 1G0;
- Drop Box at the Municipal Office;
- Online Banking at some banks/credit unions;
Assessment
The Municipal Property Assessment Corporation (MPAC) is responsible for determining assessment values for all properties in the municipality. Questions regarding assessed values or the assessment appeal process should be directed to MPAC.
Telephone: 1-866-296-6722
Web Site: http://www.mpac.ca
Financial Reports
The Financial Reports are prepared by the Auditor and reflect the financial position of the municipality.
Financial Statements
Asset Management Plan
An asset management plan is required to be developed for each municipality in Ontario to assist with long range planning for renewal and replacement of our capital assets. The Asset Management Plan for the Village of Hilton Beach can be accessed below.
Asset Management Plan 2015 (PDF)
Asset Management Plan 2015 Appendices (PDF)