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Covid-19

The latest updates on Covid-19 in Cobourg can be found on this special page here.

Many residents complain that taxes in Cobourg are high and compared to Toronto they are. This page will not make a case for lower taxes but will simply report on what they are.

The mechanism:

The Town of Cobourg collects taxes for itself plus the County and the School Board. They are then billed and expected to be paid in three installments although if you elect to pay via automatic installments from your bank, it can be in 10 approximately equal amounts.

The first invoice in late February is one third of the previous year’s taxes.  This is called an interim payment since the levy amount is not yet known. The next one in May bills the balance to be paid in an installment in late May and the final installment in September – although you can pay the full remaining amount if you prefer.

Tax calculation

The Provincially operated MPAC decides a valuation for each property and separately, the Town and County decide how much money they want to raise with their tax levy.  In time to decide the final tax rate, MPAC calculates what the average valuation for Cobourg will be and that valuation is used to calculate what the tax rate should be to raise the amount needed/wanted.  For 2021, the residential rates are:

Town County Education Total
0.0082619 0.0047872 0.0015300 0.0145791


So for a property valued at the average MPAC valuation of $275,700, the tax will be $275,700 x .0145791 = $4,019.46.  Note that although the MPAC valuations are intended to be realistic, that is not always true.  See the page with the latest market values here (hint - in 2021 the average sell price is a much larger than MPAC's average valuation).  MPAC mails property owners notifications of any changes.

Tax Increase

IF (a big if) the MPAC valuation of your property increases by the same amount as the AVERAGE increase for all Cobourg properties, then your annual increase will be the same as what Council announces as the tax increase. If your valuation is higher or lower than the average MPAC increase, then your taxes will increase by more (if higher) and may even go down (if significantly lower).

Where do your taxes go?

Here is the 2021 Operating Budget

Net Expenditures   
General Government  $3,239,269
Protection - Police  $6,473,290
Protection -Other  $3,892,479
Public Works  $4,636,795
Environmental  $35,525
Social & Family  $125,000
Parks & Recreation  $3,806,497
Culture & Community  $1,455,646
Planning & Residential  $490,810
Commercial & Economic Development  $523,188
Total Operating:  $24,678,499
Capital Levy  $158,000
Long Term Debt Charges  $650,000
Net Expenditures  $25,486,499

 

Provincial Grants $195,430
Other Grants $12,500
Other Income $125,000
Misc. Levies  $360,000
Total Revenues other than Taxation  $692,930


Taxation $24,793,569 - that is levy charged to Taxpayers by the Town of Cobourg (in 2021).

The Town provides Financial Statements on this page.

Statements for 2017 through 2020 are currently provided.

Major services provided by the County include garbage collection, County roads and bridges, paramedic services, welfare services, subsidized housing and the Golden Plough Lodge. 

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