Stratford residents to see another tax increase as part of the town’s 2025-26 budget [Video]

Stratford residents will see another tax increase this year as part of the P.E.I. town’s budget for the 2025-26 fiscal year.

The hike is not unexpected; the town is in the middle year of a three-year plan to raise municipal residential taxes by two cents per year that was approved in last year’s budget.

The municipal portion of residential property taxes will increase by two cents per $100 of assessed value this year, bringing it to 49 cents per $100 of assessed value. Another two-cent increase is expected next year.

For homeowners with a property valued at around $350,000, this translates to approximately $70 more in annual taxes, said Coun. Jody Jackson, the town’s finance chair.

He said the increase applies only to residential properties this year, with no changes for apartments or commercial properties.

“We have lots of different things that our residents want, and we only have a …