Property tax decreases: 2014 residential and multi-residential rates

NRU
Aug. 13, 2014

Residential and multi-residential property tax rates decreased in all 27 municipalities in the GTHA in 2014, when compared to 2013.

For the third year in a row Durham Region municipalities, led by Oshawa, had the highest residential tax rates. Toronto continues to have the lowest residential rate. Though all residential rates dropped, the changes were minimal with an average decrease of .026 per cent.

York Region municipalities continued to have the lowest multi-residential tax rates while Hamilton’s rates remained the highest in the region. Toronto had the biggest decline in multi-residential rates with a .109 per cent decrease, while Barrie had the smallest decrease at .008 per cent.

Look for the 2014 municipal commercial and industrial tax rates in the August 20 GTA edition of NRU.