Large industrial properties, such as the Domtar Mill, will pay less on their property taxes this year.
Council approved a 13 per cent decrease in property taxes in the area of large industrial properties.
The decrease is due to reduced education tax rates that are set by the provincial government.
The provincial government lowered education tax rates because Northern Ontario typically paid higher rates.
The new rate levels education taxes across the province.
Dryden Residents will be paying more in property taxes.
Council voted on Wednesday to approve a 2.5 per cent hike in residential property taxes.
The tax came into effect January 1st 2010.
