2732 Community Events Municipal tax increase of 3.90 per cent approved for 2022 Devon Council has approved the 2022 Operating & Capital Budgets at their Dec. 13 Council Meeting with a 3.90 per cent municipal tax increase for 2022. For a household with a median assessed value of $305,000, the estimated impact of a 3.90 per cent tax increase is about $71.97 per year or $6.00 per month. Property assessments are based on the market value of a property as of July 1 of the previous year. Highlights in the 2022 budgets include: Debenture costs for the new ball diamonds development and paving of Range Road 262 Extension of Michigan Street to Highway 19 Installation of new solar crosswalks Replacement of Fire/Rescue Engine (cost shared 50/50 with Parkland County) Funding for the continuation of RVA Trail East (cost shared 1/3 with RVA & Federal Government) Maintaining reserve transfers for the future of Town facilities “We had some tough decisions in our first budget as we tried to balance maintaining our current level of service to residents while ensuring we are doing our part to plan for the future of our community,” said Mayor Craddock. “Administration was challenged by Council during our budget deliberations to maintain reserve transfers for Town facilities while looking for opportunities to reduce the final tax requirement and we were pleased to see that our feedback was included in the final budget.” The final municipal tax rate will be approved in May 2022 and tax notices will be mailed out to Devon property owners on May 31 with payment due June 30, 2022. The Town also offers a monthly payment plan for property taxes. Learn more about the monthly plan at www.devon.ca/paying-taxes. Share Print