Property owners in Elliot Lake see 3.4 per cent tax increaseArticle content The numbers are in, and taxes are going up 3.4% in 2026. Advertisement 2 Story continues below This advertisement has not loaded yet, but your article continues below. Try refreshing your browser, or Property owners in Elliot Lake see 3.4 per cent tax increase Back to video We apologize, but this video has failed to load. Advertisement 3 Story continues below This advertisement has not loaded yet, but your article continues below. “The mill rate is based on your property value as a percentage of the total municipal property value.