- Town Hall
The Town's annual budget is developed by staff in consideration of the guidelines approved by Council in July and input received from the public. Council deliberates and approves the budget in December of each year ensuring an approved budget is in place for the start of the new year.
Town staff are currently in the process of preparing the 2016 Town of Milton Capital and Operating Budget for presentation to Council later this year. The guidelines for the preparation of the 2016 Budget were approved by Council through the 2016 Budget Call Report (linked below). Appendix C and D of the Budget Call report include the results of the 2016 Public Budget Survey (which closed at the end of June 2015).
The 2015 capital and operating budgets aim to strike a balance of affordable taxes for property owners while implementing and maintaining priority services for the residents of Milton. On January 26, 2015, Milton Town Council approved the 2015 capital and operating budgets resulting in a combined investment of $135.2 million in the community.
Council approved increases to the Town's portion of the tax bill of 3.04% and 3.12% in the urban and rural service areas respectively. When combined with the Library's approved 3.4% increase, the Region of Halton's 1.6% increase and a 0% Educational increase, the overall property tax increase is 1.65% in the urban area and 1.61% in the rural area. This means that residential property taxes will increase by $12.80 in the urban area and $12.03 in the rural area per $100,000 of assessment.
A new feature has been added to the Town's website. You can now calculate your property taxes online. The online property tax calculator shows your property's assessed value and the taxes for the current year and three prior years. You can also view how municipal property taxes are allocated between the Town, Education and the Region.