Community Dashboard: Property tax increase
Source: Property taxes in Niagara
Rationale and analysis
How we measure this data
The property tax increase is reported by Corporate Services, Financial Management and Planning.
For 2022, the average property is assessed at $278,764 and the Regional portion of the tax bill will increase by $46, totalling $1,684.
The property tax increase is calculated using the above figures, which show that the average property tax bill increased from $1,638 (rounded to the nearest dollar) to $1,684 (rounded to the nearest dollar). Any difference in the percentage increase is attributed to rounding.
Progress and advancements
Council approved an expenditure increase of $23 million for 2022. With the utilization of $6 million in reserves, the net increase totals $17 million, which contains the property tax increase to 2.87 per cent.
About this indicator
Annual increase to property tax as compared to the prior year property tax rate, as outlined in the Budget Summary.
More information
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