Devon Council approved the 2021 Operating Budget at their December 14, 2020, Council Meeting with a 2.62 per cent municipal tax increase for 2021.
For a household with a median assessed value of $308,900, the estimated impact of a 2.62 per cent tax increase is about $48.37 per year or $4.03 per month. Property assessments are based off of the calculated value of a property as of July 1 of the previous year.
Cost-saving Measures for 2021
Maintaining the services that residents expect and enjoy, while reducing the potential tax increase was a top priority of the 2021 Operational Budget. To further reduce this impact, Council approved a number of cost-saving measures including a reduction in training and travel budgets for both Council and Town staff and various reductions in department budgets across the entire organization for 2021.