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Volume 132 Issue 05 Friday, April 11, 2014 www.minnedosatribune.com 90 cents plus tax
Weacknowledgethe
nancial support of the
Government of Canada
throughthe
CanadaPeriodical Fund
of theDepartment of
CanadianHeritage.
Early Deadline
for Easter
Because of Good Friday, the Friday, April 18th edition of
The Minnedosa Tribune will be on the street one day early
Thursday, April 17th. Early ad deadline of Monday, April 14th
at 12 noon that week only.
By JENNIFER PAIGE
M
innedosa Town Council released the 2014
town budget at the weekly town council meet-
ing on Tuesday, April 8th. Tis year residents will see
a modest increase to property taxes with three-tenths
of one percent increase.
Te overall increase is three-tenths of one per-
cent. Te biggest impact on the property tax this year
is the assessment on everyones particular piece of
property, explained Chris Yuen, assistant chief ad-
ministrative of cer with the Town of Minnedosa.
Tis year marks a property reassessment year.
Terefore, everyones individual tax increase will
vary depending on the increase in their property as-
sessment.
Propertys that have received a less than 10 per-
cent increase in assessment will see their taxes stay
roughly the same or decrease, whereas properties
that receive a 10 percent or more increase in assess-
ment value of their homes, will receive a greater in-
crease than three-tenth of one percent, added Yuen.
Assessment of all real and personal property in
the province is the responsibility of Assessment Ser-
vices. Property re-assessments have been occurring
every two years.
Tis is the lowest increase in recent memory. It
is lower than the cost of infation, continued Yuen.
Te dif cult part of this years budget is the reas-
sessment, getting residents to understand that even
though the tax increase is low, their property bill
may have gone up. Everyones situation is going to be
unique.
Yuen notes that this year has seen a shift in taxa-
tion, in the sense that the property values in residen-
tial homes has increased by a larger percentage than
property values on commercial properties, result-
ing in more of the tax burden being placed on the
residential home owners compared to commercial
owner because residential properties are growing at
a faster rate of increase than the commercial proper-
ties.
Continued on Page 5
Modest Increase
in Town Budget
Celebrating Local Sport
Photos by Jennifer Paige
Manitoban Olympian, Jon Montgomery spoke to
a crowd of approximately 205 people during the
Minnedosa and District Rec Commissions
Annual Sports Dinner Saturday night.
Trudy Adamson (inset) was honoured with the
2014 Dedication to Sport Award.
See stories inside.