The City of Stratford’s 2024 budget includes a 7.5 per cent property tax increase compared to 2023.
After a lengthy budget process that at one time included a 12.5 per cent tax levy increase, council voted at their regular meeting on Monday night to approve it with a 7.5 per cent increase.
It means a single-detached home with an assessed value of $350,000 will see its annual tax bill go up an additional $395.
The vote saw both Mayor Martin Ritsma vote and Councilor Cody Sebben vote against, seven councilors vote for and both Councilor Lesley Biehn and Councilor Taylor Briscoe absent.
- Advertisement -
