GTHA BUSINESS TAXES: COMMERCIAL & INDUSTRIAL TAX RATES

NRU
Aug. 15, 2017
Sarah Niedoba

Commercial and industrial property tax rates decreased in almost every GTHA municipality in 2017, when compared to 2016 rates. Commercial rates dropped, on average, about 0.03 per cent, while industrial fell 0.09 per cent.

Hamilton continues to have the highest overall business tax rates in the GTHA, while Markham continues to have the lowest.

Across the region, municipalities decreased their industrial tax rates over 2016 rates, with Oshawa having the greatest decrease at 0.26231 per cent.

The only municipality to raise both its commercial and industrial rates was King, which increased its commercial rate by 0.03 per cent, and its industrial rate by 0.04 per cent.

“Our commercial rates are higher because we needed to support infrastructure projects in that area moving forward,” King finance director and treasurer Allan Evelyn told NRU. King remains in the lower half of the ranking, at 16th among 27 municipalities in 2017.

For GTHA municipal residential and multi-residential tax rates, see the August 2 edition of NRU.