Taxes on a “typical” home in Deep River will go up roughly $78 this year.

That figure was part of a report to Deep River council Wednesday night on the setting of the town’s municipal tax rates for 2020.

Council approved the report and tax rate bylaw without discussion.

In his report to council, treasurer Arthur Smith noted that setting the municipal tax rates is the final step in the town’s annual budget process.

Calculating the tax rates has to wait until Renfrew County sets the tax ratios between different property classes and for the province to set the annual education tax rate.

According to Smith’s report, total taxes for a “typical” home in Deep River valued at $207,000 will come to $3,115.31 this year, up from $3,037.62 in 2019.

That’s an increase of $77.69, or 2.56%.

Final tax bills for this year will be payable in two installments, due August 31 and November 30, 2020.

“It is understood that council may potentially direct staff to bring another financial deferral plan forward in regards to these dates in the future due to COVID-19,” Smith said in his report.

The town previously approved a deferral plan for the interim taxes due May 29 by extending the deadline to pay with no interest or penalties until June 19.

Those who need a later deadline due to the coronavirus pandemic can apply to the town hall for an extension until September 30. The deadline for applications is next Monday, June 15.

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