Community Dashboard: Taxable assessment growth
Current
1.76%
Previous
1.78%
Preferred trend
Increase
Reporting date
Dec. 31, 2023
Rationale and analysis
How we measure this data
Oversight from Financial Management and Planning.
At the end of the year, all final property values are added up and subtracted from the original tax base. The year-over-year difference is determined as the assessment growth.
Progress and advancements
The 2021 target is 1.50 per cent.
About this indicator
Assessment added to the tax role each year as reported by Municipal Property Assessment Corporation.
Assessment growth is the sum of all the changes that happen to the Region's tax base during a year, including new construction, major renovation, demolitions and property value appeals.