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Tax ratios set

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Depending on your assessment, the average homeowner in North Bay will see taxes go up by about two percent.  It will be a bit more than that for some owners and lower for a small amount of others.  When it comes to growth, the city saw about $440,000 in extra taxes last year.  But after several appeals, including large ones from the commercial sector, the revenue drops to about $175,000.  Council adopted the tax ratios Monday night which allow the tax bills to go out in June.  As for the ratios, the residential rate will be set at 2.25 percent, commercial comes in at 1.88 percent while the industrial rate is pegged at 1.4 percent.  North Bay continues to have the lowest industrial rate in the province in a bid to attract more industry.

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