In 2021, 57% of the City’s revenue will come from property taxes. Other revenue sources include user fees, gas tax, fines and payments in lieu of taxes.
The City is continuously seeking other revenues sources like the Municipal Accommodation Tax to offset operating costs. Unlike the City of Toronto, Mississauga does not have permission from the Province to create new revenue sources, such as the Land Transfer Tax. All new revenue sources require approval from the Province.
How your property tax is shared
The City of Mississauga is at the Municipal level of the four levels of government:
Property taxes in Mississauga are used to fund services provided by the first three of these levels: The City of Mississauga, the Region of Peel and the Province of Ontario (for the Ministry of Education).
This means about a third of every property tax dollar goes to the City; the rest is split among the Region of Peel and Province of Ontario. For commercial and industrial property taxes, the City only receives about a fifth of the total revenue.