![]() Therefore, the average overall household property tax bill may increase in 2023 by $31.09 per $100,000 of residential assessment. This combination is referred to as the blended property tax rate and is what a taxpayer will see on their property tax bill and results in the household impact.Īs a result of the 2023 approved budget, Milton’s portion of the property tax bill will increase by 7.99%, with an estimated overall blended rate of 4.42%, pending approval of Halton Region’s budget at their meeting on Wednesday, January 25th. The Town of Milton’s services are 40% of the overall tax bill. A resident’s property tax bill is a combination of these three agencies. The Town is responsible for collecting property taxes for three agencies -Town of Milton, Halton Region, and the Province (school boards). It provides the funding to deliver services such as fire, snow clearing, maintenance of roads and parks, transit, Milton Public Library, stormwater pond maintenance, culture and recreation. The operating portion provides $184 million for the day-to-day operations at the Town that deliver important services to our community. The 2023 capital portion of the budget represents a $63 million investment in 132 projects, including new infrastructure to support the Town’s growth and expansion, as well as the rehabilitation and replacement of existing infrastructure. The approved budget represents an investment of $63 million in capital projects and $184 million through the operating budget to deliver programs and services. This was the first budget of the new Milton Council term. Since your calculations will be based on 2022 millage rates, the taxes due for 2023 will only be an estimate.The Town of Milton’s Council has approved the 2023 Town Budget. ![]() Millage rates for 2023 tax year will not be available until October 2023. ![]() The amounts will vary from property to property and cannot be estimated on this chart. In addtion to the millage rates shown above, some property owners will pay an MSBU amount for lighting, paving, canals, or sewage. ![]()
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