SIDNEY — Residents of Sidney will be paying an average of $11 more per year after the municipality had its 2016-2020 financial plan approved this week.
On Tuesday, Feb. 23, Town council adopted the financial plan and a municipal tax increase of 0.81 per cent for 2016. Utility rates — water and sewer fees — remain the same as last year.
That increase is estimated at $1 per month for average residential property owners in Sidney. Combined with other taxes and levies collected by the Town on behalf of other governments, the rate jumps to an average of $2 per month, or around $23 per year.
The rate paid by individual property owners will vary based on the assessed value of their homes. Sidney’s average house value this year is approximately $441,167.
Based on that average, municipal taxes will be around $1368 per year, or $114 each month. — Town of Sidney