Budget and Financial Statements

Township of Severn is committed to financial transparency. As a result, we publish our annual budget and financial statements. Review the Township's Asset Management Plan to see how we are managing our assets now and in the future.

Our annual budget helps us deliver services and infrastructure that people use every day. It also ensures we provide value for money and that your tax dollars are spent wisely.

Budget breakdown: 2025

In December 2024, Council approved the 2025 Budget with a 4.88% blended tax increase to 2025 property tax bills.

View the summary of the 2025 budget

For an average home in Severn with an assessed value of $340,000, the approved blended rate amounts to a $154.76 increase over 2024 levels, or an additional $12.90 per month, with a total tax bill of $3,325 in 2025.

Budget breakdown: 2024

In December 2023, Council approved the 2024 Budget with a 3.41% net tax increase over 2023 rates. When combined with the County of Simcoe's approved tax rate of 3.7% and a 0% increase in education rates, residents can expect to see a 2.93% blended tax increase on their 2024 property tax bill.

For an average home in Severn with an assessed value of $340,000*, the approved blended rate amounts to a $90.09 increase over 2023 levels, or an additional $7.51 per month, with a total tax bill of $3,170 in 2024.

Services for your tax dollars

For every dollar that you pay in property taxes, 0.44 cents goes to the Township of Severn. The rest of the money goes to the County of Simcoe (0.32 cents), local school boards (Simcoe Muskoka Catholic District School Board and the Simcoe County District School Board) (0.17 cents combined) and policing (0.07 cents).

We work to ensure that the portion of your taxes that goes to the Township is put toward important services and infrastructure that help keep our residents safe.

Here are some examples:

parks and recreation
planning and development
roads and bridge maintenance
public library
protection to persons and property
general government operations

chart overviewing the breakdown of the 2024 budget

2024 budget highlights

Some budget highlights include:

$4.4 million to road and sidewalk renewal projects to improve sections of:
- Brodie Drive
- Carlyon Road
- Hodgins Road
- New Brailey Line
$1.2 million to enhance and improve our parks and trails
replacement of bunker gear, new auto-extrication equipment, and a new fire rescue vehicle
$1.08 million to investments in water and wastewater utilities

Our capital budget includes the funds necessary to maintain and build facilities and infrastructure within the Township.

View the 2024 capital budgets:

Past budgets

2023

View the 2023 capital budgets:

2022

View the 2022 Budget and capital budgets:

2021

View the 2021 Budget and capital budgets:

Financial statements

View the Township's annual financial statements: