Each fall, City Council approves a budget that sets how much money is needed to deliver municipal services like fire, transit, road maintenance, and snow clearing. Property taxes are one way these services are funded.
Your property taxes are based on the tax rate for the current year. Once the rate is set, your property’s assessed value is multiplied by the tax rate to determine your property taxes. This approach helps ensure the cost of City services is shared equitably across the community.
