| Coming Events |
| Fri. September 10, 2010 7:00PM - Pavilion Route 66 Dance |
| Sun. September 12, 2010 2:00PM - Music In The Park |
| Sun. September 19, 2010 2:00PM - Music In The Park |
| Wed. September 22, 2010 12:00PM - Community Care Diners Club |
| Click to see full calendar |  |
Taxation
Interim Tax Bill:The 2010 Interim Tax Bills (calculated as 50% of the previous year total taxes) are due in two installments -
March 31st and June 30th
Bills are mailed out – March 1st
Final Tax Bill:
The 2010 Final Tax Bills are due in two installments -
September 30th and November 30th
Bills are mailed out – September 1st
How your tax bill is calculated:
The province decides how much must be raised for education through property taxes.
The County decides how much must be raised to pay for services provided by the County.
Tweed Council decides how much is needed to pay for local municipal services.
A series of tax rates are set for various types of property (residential, commercial, etc.)
The tax rate is applied to the assessed value of the property to calculate the final tax bill.
To calculate your taxes:
Assessed Value x Tax Rate = Total Taxes
For example, if your private home was assessed at $240,000, your tax bill would be:
$240,000 x .01348069 = $3,235.35
Taxes collected by the Municipality of Tweed are distributed to three areas (figures are approximately):
· 56 percent to the Municipality of Tweed to pay for all local municipal services such as road maintenance, parks, recreation services, library, fire, planning, etc.
· 23 percent to the County of Hastings to pay for county services such as social services, emergency services, long term care, etc.
· 21 percent to the Province of Ontario, specifically for education.
The County and Province each set their own budgets, while Tweed Council sets the local municipal budget. The total requirements are combined to calculate your tax bill.
