Assessment growth indicates new taxes raised as a result of property development.
In 2016 and 2017, the Municipality did not reach out target of 1% as the metrics were 0.73% and 0.85% respectfully. In 2018, the Municipality reach the target of 1% with an assessment growth of 1.43%. Meaning that more property taxes are being collected due to new development in the community. In 2020, assessment growth was 0.80%. In 2021, assessment growth was 1.21%, an increase of 50%.
To be equal to or greater than 1%.