Councillor Ron Lunny says the city has worked hard in order to lower the municipal tax rate by 1 percent.
When the rate is combined with the education tax decrease it works out to a reduction of 1.41 percent.
However, Lunny says that because of the increase in MPAC assessments homeowners will see an increase in their taxes.
Lunny says the city has also included a 10 percent rate increase for sewer and water.