So, what happened this year?

The 2022 average residential assessment increased by about 20%. If your assessment went up by the average this would result in a 3.43% municipal tax increase.

The 2022 average commercial assessment increased by 14%. If your assessment went up by the average this would result in a 3.43% municipal tax increase.

Show All Answers

1. How is the municipal property tax calculated?
2. How does fluctuation in my home's assessment affect my municipal property taxes?
3. If the value of my property increases, does the City get extra revenue?
4. Why does my municipal property tax go up more than the property tax increase approved by Council?
5. So, what happened this year?