The average value of a singlefamily detached dwelling in Wellington County is $372,956 and ranges from $202,304 in Minto to $644,852 in Puslinch.
In other Wellington municipalities, the average value for a single-family home is $221,778 in Wellington North, $308,628 in Mapleton, $342,817 in
Centre Wellington, $450,361 in Guelph-Eramosa and $481,394 in Erin.
The figures come from a report to the county’s administration, finance and personnel committee by treasurer Ken DeHart at the committee’s Jan. 20 meeting.
Because of the wide gap in valuations, the county reports budget impacts of tax changes as “per $100,000 assessment” rather than for a “typical” property, the report notes.
The report states the county “has a duty to provide annual property tax impact analysis for typical residential property owners in each of our seven member municipalities” as well as to determine the average county-wide residential current value assessment (CVA).
Average commercial property value in Wellington County is $474,850 and ranges from $297,794 in Mapleton to just over $1 million in Puslinch.
Elsewhere in the county, the average commercial property is worth: $324,064 in Minto, $367,991 in Wellington North, $499,895 in Erin, $551,163 in Centre Wellington and $592,437 in Guelph-Eramosa.
Ranges in a typical industrial property value are even more extreme, from $428,185 in Minto to $1,625,857 in Puslinch, while the county average is $726,488. In other Wellington municipalities, average industrial property values are: $523,211 in Centre Wellington, $553,494 in Wellington North, $600,998 in Erin, $675,172 in Mapleton and $882,177 in Guelph-Eramosa.
The average total farm value assessment, including both land and farm houses in Wellington County is $691,257 while Mapleton has the highest at $989,954. Minto properties have the lowest total farm value assessment at $498,150, with Puslinch at $629,325, Wellington North at $642,650, Erin at $717,500, Centre Wellington at $803,350 and Guelph-Eramosa at $809,421.
The report notes manual adjustments have been made to adjust for “extreme outliers” in the areas of commercial and industrial assessment. It also considers the difference in the way the Municipal Property Assessment Corporation values farm houses as compared to typical single-family homes.
