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PAGE 8 TERRACE BAY NEWS JUNE 4, I975 TERRACE BAY COUNCIL APPROVES I975 MILL RATES Residential taxpayers will be paying app- roximately 23% more taxes in I975 if a public school supporter and approximately I9% if a separate school supporter. A lesser increase of I4% and I0% for commercial taxpayers public and separate will apply. A slightly higher percentage increase will prevail on properties outside of the townsite area - residential 29% and commercial I8%. The higher percentage increase to residen- tial properties is, in part, attributable to a newly introduced provincial formula for computing the mill rate differential between commercial and residential properties so that across the entire province residential rates for general municipal purposes will be 85% of commercial rates. To calculate taxes you multiply your prop- erty assessment by the applicable mill rate. I975 Mill Rates Townsite Area Public School Supporter Res. Comm. 35.093 Mills Separate School Supporter 33.281 Mills .37.085 Mills Outside Townsite Area Public School Supporter 28.897 Mills 32.092 Mills Separate School Supporter 27.085 Mills 30,889 Mills The following example illustrates compari- tive taxes in I974 to I975 for a residential property assessment at $I0,000.00 1974 1975 Mill Rate Taxes Mill Rate Taxes Public 28.508 $285.08 35.093 $350.93 THE LAKE SUPERIOR BOARD OF EDUCATION requires immediately CUSTODIAN for Lake Superior High School Interested applicants apply to: Mrs. R.A. Mulligan, Principal, Lake Superior High School, Terrace Bay, Ontario POT 2WO 39.098 pei Increase - $65.85 1974 1975 Mill Rate Taxes Mill Rate Taxes Separate 27.879 $278.79 33.281 $332.81 Increase $54.02. A Municipal rates account for approximately 82% of the increase while educational rates acc- ount for I8%. /Final tax bills should be printed and in the mail by June 24, I975. The final bill will be payable in two in- stalments representing the balance of taxes after deducting the interim payment. First Instalment = due on July 9th, I975 Second Instalment - due on September 3rd, I975 LORNE"S CAMERAS & FISHING TACKLE 20 SOUTH COURT STREET (next to the Paramount Theatre) THUNDER BAY 'P', ONTARIO TELEPHONE 344-0413 CANADA MANPOWER SERVICES The Canada Manpower®s new mobile Job Centre -will be in Terrace Bay on Monday June 9, 1975. Persons interested in Employment, In- dustrial or Institutional Training, Manpower Mobility or any other Manpower Services are invited to visit the Mobile Job Centre bet- ween 1:30pm and 5:00pm. It will be located at Simcoe Plaza near the Municipal Office. Canada Centre de [ Manpower Main-d'oeuvre - Centre du Canada Manpower Main-d'ceuvre . and Immigration et Immigration Robert Andras Robert Andras Minister Ministre 33 South Court Street, Thunder Bay North, Ontario 344-6601