TINY TOWNSHIP BUDGETS, ASSESSMENTS AND TAXES

2015

This page directs you to the files.   A good place to begin is with the

EXPLANATORY NOTES

NOTES101515.pdf

A brief overview of trends in assessment, taxes, and the Township’s budgets can be found at

OVERVIEW.pdf

A brief discussion of the political accountability for each of the three components of the property tax rate in Tiny can be found at

ACCOUNTABILITY.pdf

SUMMARY BUDGETS  

Find the Township’s “Short Budgets” from 2011 to 2015 at SUMMARY2015.pdf.

ASSESSMENTS AND TAX RATES

Since 1998, property assessment in Ontario has been based on estimates of market value. The estimates are the responsibility of a provincial agency, the Municipal Property Assessment Corporation (www.mpac.ca). For more details see the discussion in the Overview.

Three tax levies are based on these assessments, namely those for the municipality, for the County, and for education services. The Township bills a further charge at the same time as the municipal tax levy, namely a water charge (only on those who are or could be connected to municipal water systems). The relevant data can be found at ASS2015.pdf

DETAILED BUDGETS

A detailed, line-item record of transactions in the Township’s general fund is published every year after the Budget has been approved. A summary of this information, showing both budgeted figures and after-the-fact actual revenues and expenditures, including all transfers to and from reserves and Reserve Funds, is provided at DETAIL2015.pdf.

RESERVES AND RESERVE FUNDS

Tiny Township sets aside various reserves and Reserve Funds for different purposes. The former are simply notionally set aside within the Township’s general fund; the latter are separate from the general funds and have their own bank accounts. Data on the transactions affecting the reserves and Reserve Funds, and on their (actual or projected) year-end values from 2011 to 2015, is provided at RESERVES2015.pdf.