Annually, the City and Region each establish a budget to provide for municipal services and infrastructure. Taxes represent approximately 50 to 60 per cent of the City's and Region's budget needs. A tax rate is calculated in accordance with Provincial legislation which meets the funding requirements identified in the budget. The Province set s the education tax rate for all properties.
The residential tax rate is the same province-wide. Tax rates have been adjusted downward to ensure that the City, Region and Province do not receive a windfall gain as a result of the increase in assessment. Legislation requires that City and Region tax rates are calculated on a city-wide basis. We are not able to have different residential rate for each ward, not for individual properties. We are also not able to adjust tax rates for municipal or education services that an individual property or taxpayer does not use.