During the 2022 Adjustments to the Service Plans and Budgets, Council approved a municipal property tax rate increase of 3.87 per cent for 2022. The decision strikes a balance between strategic savings and critical investments and amounts to an additional $6.20 per month for the typical single residential property. Demand for our services remains high, our population is growing, and inflation is rising. We continue to manage these factors while working hard to support citizens and businesses in a fiscally sustainable manner.
There will also be freezes or decreases to specific user fees in 2022, such as freezes to blue, black and green cart rates, and reductions to building safety and development approval base fees.
Council also approved critical investments in the community, including advancements of the Climate Strategy and Action Plans; improved public safety; improved access to programs, improved maintenance and healthier green spaces in parks; funding for affordable housing; improved snow and ice control; and others.
Specific tax rate impacts will vary by property type depending on the assessed value of a home or business, as well as next year’s provincial tax rate, which will be finalized in the first half of 2022. Read more about Council’s decisions in the summary of proceedings.
For illustrative examples of estmated tax changes for 2022 for many property types, download Property Tax Illustrative Examples.
Here is how the adjustments process works: