Rate Changes: 2015 residential and multi-residential property taxes

NRU
Aug. 12, 2015

There were minimal changes to residential and multi-residential property tax rates across the Greater Toronto and Hamilton Area, with the majority of municipalities posting rate decreases.

Barrie was the only municipality to increase its residential and multi-residential tax rates, albeit by only 0.011 per cent. Brock and Hamilton also slightly increased their minor multi-residential rates.

Durham Region, led by Oshawa, had the highest residential tax rates in the GTHA for the fourth year in a row, while Toronto continues to have the lowest residential rates.

Similar to the 2014 rankings, Hamilton again has the highest multi-residential tax rate in the GTHA this year, while York Region municipalities had the lowest rates. Look for the 2015 municipal commercial and industrial tax rates in the August 19 GTA edition of NRU.