Question 1

What is the property tax rate in Wollaston?

Accepted Answer

The residential property tax rate in Wollaston is 1.6088%. For an average home assessed by MPAC at $506,870, the estimated annual municipal property tax bill is approximately $8,155 per year. This revenue funds local frontline municipal services including emergency protective services, road infrastructure, public transit, and community recreation.

Question 2

How much does Wollaston spend per resident on municipal services?

Accepted Answer

Wollaston spends approximately $4,813 per resident annually across all municipal departments, based on an audited annual municipal operating expenditure of $3.5M serving a population of 721. Key expenditures include protective emergency services (police, fire, paramedics), transportation and roadways, environmental water and waste management, and parks and recreation.

Question 3

What is the financial health and debt score of Wollaston?

Accepted Answer

Wollaston holds an audited Fiscal Health Grade of B (Score: 80/100). The municipality carries approximately $4,707 in accumulated debt per resident compared to $5,051 in capital reserves, maintaining an Annual Repayment Limit (ARL) debt-servicing ratio of 10.1%, comfortably within Ontario's 25% provincial statutory ceiling.

Question 4

Where does the municipal data and financial benchmarks for Wollaston come from?

Accepted Answer

All financial intelligence for Wollaston is compiled directly from official, audited Financial Information Returns (FIR Schedules 10, 40, 60, and 74) submitted annually to the Ontario Ministry of Municipal Affairs and Housing (MMAH), verified against Bank of Canada Consumer Price Index (CPI) benchmarks.

Wollaston Municipal Financial Hub & Civic Vitals