After months of work, Wolfville Town Council has approved the 2023/24 Town Operations Plan and related Operating Budget, the Ten-Year Capital Investment Plan, as well as the Water Utility’s Three-Year Operating and Capital Budget.
Given the significant increases in assessment that many residential properties experienced, including those under the CAP program at a maximum of 7.7 per cent, and the addition of 1.75 cents on the residential rate, many property owners will see a 9 per cent increase overall.
What this means for a single-family home in Wolfville, with an average assessment of $340,000, is an increase of $445 over the last tax year.
The Commercial Tax Rate remains unchanged at $3.575 per hundred dollars of assessment.
Please see the media release for full details of the 23/24 budget.