King Township council approves 2.5% tax increase for 2020

Residents will see an increase of $158 on the municipal portion of their tax bill based on an average property assessment

Yorkregion.com
Jan. 30, 2020
Laura Broadley

It's official: property taxes in King are going up.

King Township council approved a 2.5-per cent tax increase for 2020 at its Jan. 27 meeting.

Residents will see an increase of $158 on the municipal portion of the property tax bill based on an average property assessment value of about $850,000.

The budget includes a new recreation centre for $37 million, road and related infrastructure projects for $21.3 million and a Nobleton sanitary sewer at $14.6 million.

This year’s operating and capital budgets total $34.8 million.

For every residential property tax dollar collected by the township, King gets 39.3 cents, York Region gets 38.7 cents and the province gets 22 cents for education.