Item - 2016.EX12.1
Tracking Status
- City Council adopted this item on February 17, 2016 with amendments.
- This item was considered by the Executive Committee on February 9, 2016 and adopted without amendment. It will be considered by City Council on February 17, 2016.
- See also By-law 136-2016
EX12.1 - 2016 Property Tax Rates and Related Matters
- Decision Type:
- ACTION
- Status:
- Amended
- Wards:
- All
City Council Decision
City Council on February 17, 2016, adopted the following:
1. City Council adopt the 2016 tax ratios shown in Column II for each of the property classes set out below in Column I, which together with the graduated tax rate for the Residual Commercial Class as recommended in Part 2 below and the 2016 budgetary levy increase of 1.90 percent on the residential, new multi-residential, farmland, managed forest and pipeline property classes (inclusive of a levy increase of 0.6 percent to fund the Scarborough Subway) and approximately 0.63 percent on the commercial, industrial, multi-residential property classes (inclusive of a levy increase of 0.2 percent to fund the Scarborough Subway), will result in the 2016 ending tax ratios shown in Column III.
Column I | Column II | Column III |
Property Class | 2016 Recommended Tax Ratios(before Graduated Tax Rates) | 2016 Ending Ratios (after Graduated Tax Rates and Budgetary Levy Increase) |
Residential | 1.000000 | 1.000000 |
Multi-Residential | 2.941000 | 2.904442 |
New Multi-Residential | 1.000000 | 1.000000 |
Commercial General - Unbanded | 2.941000 | 2.904442 |
Residual Commercial – Lowest Band | 2.770000 | 2.504232 |
Residual Commercial – Highest Band | 2.770000 | 2.904442 |
Industrial | 2.941000 | 2.904442 |
Pipeline | 1.923564 | 1.923564 |
Farmlands | 0.250000 | 0.250000 |
Managed Forests | 0.250000 | 0.250000 |
2. City Council continue the previous adoption of two bands of assessment of property in the Residual Commercial property class, for the purposes of facilitating graduated tax rates for the Residual Commercial property class in 2016 as set out in the Enhancing Toronto's Business Climate initiative, and setting such bands of assessment for each band shown in Column II at the amount shown in Column III, and setting the ratio of the tax rates for each band in relation to each other at the ratio shown in Column IV.
Column I | Column II | Column III | Column IV |
Property Class | Bands | Portion of Assessment | Ratio of Tax Rate to Each Other |
Residual Commercial | Lowest Band | Less than or equal to $1,000,000 | 0.8622076 |
Residual Commercial | Highest Band | Greater than $1,000,000 | 1.0000000 |
3. City Council:
a. adopt the tax rates set out below in Column IV, which rates will raise a local municipal general tax levy for 2016 of $3,956,069,029 inclusive of a 1.30 percent residential, new multi-residential, pipeline, farmlands and managed forest tax rate increase, and a 0.43percent commercial, industrial, and multi-residential tax rate increase, and which rates include the tax rate increases adopted by Council in 2014 and 2015 for the purposes of funding the City's share of the cost of construction of the Scarborough Subway; and
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $15,852,455 and reflect the 2016 rate increase for the purposes of funding the City's share of the cost of construction of the Scarborough Subway, in accordance with Council's direction through Clause CC39.5 adopted by City Council on October 8, 2013.
Column I | Column II | Column III | Column IV | Column V | Column VI |
Property Class | 2016 Tax Rate for General Local Municipal Levy After Graduated Tax Rates | 2016 Additional Tax Rate to Fund Budgetary Levy Increase | 2016 Municipal Tax Rate (excluding Charity rebates) | 2016 Additional Tax Rate (reflects the 2016 increase to Fund Scarborough Subway) | 2016 Municipal Tax Rate Inclusive of Subway Rate (excluding Charity rebates) |
(Column II+III) | (Column IV+V) | ||||
Residential | 0.4906507% | 0.0063785% | 0.4970292% | 0.0029439% | 0.4999731% |
Multi-Residential | 1.4430037% | 0.0062530% | 1.4492567% | 0.0028860% | 1.4521427% |
New Multi-Residential | 0.4906507% | 0.0063785% | 0.4970292% | 0.0029439% | 0.4999731% |
Commercial | 1.4430037% | 0.0062530% | 1.4492567% | 0.0028860% | 1.4521427% |
Residual Commercial – Band 1 | 1.2441688% | 0.0053914% | 1.2495602% | 0.0024883% | 1.2520485% |
Residual Commercial – Band 2 | 1.4430037% | 0.0062530% | 1.4492567% | 0.0028860% | 1.4521427% |
Industrial | 1.4430037% | 0.0062530% | 1.4492567% | 0.0028860% | 1.4521427% |
Pipelines | 0.9437980% | 0.0122694% | 0.9560674% | 0.0056628% | 0.9617302% |
Farmlands | 0.1226627% | 0.0015946% | 0.1242573% | 0.0007360% | 0.1249933% |
Managed Forests | 0.1226627% | 0.0015946% | 0.1242573% | 0.0007360% | 0.1249933% |
4. City Council determine that the 2016 Non-Program Tax Account for Rebates to Charities in the Commercial Property Classes be set in the amount of $7,157,418 to fund the mandatory property tax rebates to registered charities in the commercial property classes, which provision is to be funded, for a net impact on the 2016 operating budget of zero, by the following:
a. the additional tax rates set out below in Column III be levied as part of the general local municipal levy on the commercial classes set out in Column I and Column II to raise a further additional local municipal tax levy of $7,157,418 to fund the total estimated rebates to registered charities for properties in the commercial classes.
Column I | Column II | Column III |
Commercial Property Classes | Bands | Additional Tax Rate to Fund Rebates to Eligible Charities |
Commercial General | Unbanded | 0.0077175% |
Residual Commercial | Lowest Band | 0.0066540% |
Residual Commercial | Highest Band | 0.0077175% |
5. City Council determine that for the purposes of the Capping and Clawback of taxes in the commercial, industrial and multi-residential property classes:
a. City Council adopt the continued limiting of reassessment-related tax increases for the commercial, industrial, and multi-residential property classes at a cap of 5 percent of the preceding year's Current Value Assessment taxes for the 2016 taxation year; and
b. City Council adopt the continued removal of properties from the capping and clawback system once they have reached their full Current Value Assessment-level of taxation for the 2016 tax year.
6. City Council direct the Deputy City Manager and Chief Financial Officer to report to Executive Committee at its meeting scheduled for April 18, 2016, or directly to Council or a special meeting of Council if necessary, on the 2016 tax rates for school purposes, and the 2016 percentage of the tax decreases required to recover the revenues foregone as a result of the cap limit on properties in the commercial, industrial and multi-residential property classes (the 2016 'clawback' rates).
7. City Council determine that for the purposes of the comparable property tax treatment for new construction in the commercial, industrial and multi-residential classes the minimum property taxes for new construction be set at 100 percent of the full uncapped Current Value Assessment level of taxes for 2016 and future years.
8. City Council determine that:
a. the instalment dates for the 2016 final tax bills be set as follows:
i. the regular instalment dates be July 4, August 2, and September 1 of 2016;
ii. for taxpayers who are enrolled in the monthly pre-authorized property tax payment program, the instalment dates be July 15, August 15, September 15, October 17, November 15 and December 15 of 2016; and
iii. for taxpayers who are enrolled in the two installment program, the final instalment date be July 4, 2016; and
b. the collection of taxes for 2016, other than those levied under By-law No. 1291-2015 (the interim levy by-law) be authorized.
9. City Council request the Deputy City Manager and Chief Financial Officer to report on a review of the tax shift phase-in timeline with a view to a faster phase-in of the tax shifts, in the preparation of the 2017 Operating and Capital Budget.
10. City Council authorize the appropriate officials to take the necessary action to give effect to Council's decision and authorize the introduction of the necessary bills in Council.
Background Information (Committee)
https://www.toronto.ca/legdocs/mmis/2016/ex/bgrd/backgroundfile-90233.pdf
(January 27, 2016) Report from the Deputy City Manager and Chief Financial Officer on 2016 Property Tax Rates and Related Matters - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2016/ex/bgrd/backgroundfile-90341.pdf
Communications (Committee)
Motions (City Council)
That City Council increase the residential property class tax rate by 3.90%, and increase the property tax rates on the non-residential property classes by one-third of the residential property class increase, and that City Council delete Executive Committee Recommendations 1 and 3 and replace them with the following recommendations accordingly:
1. City Council adopt the 2016 tax ratios shown in Column II for each of the property classes set out below in Column I, which together with the graduated tax rate for the Residual Commercial Class as recommended in Recommendation 2 and the 2016 budgetary levy increase of 3.90% on the residential, new multi-residential, farmland, managed forest and pipeline property classes (inclusive of a levy increase of 0.60% to fund the Scarborough Subway) and 1.30% on the commercial, industrial, multi-residential property classes (inclusive of a levy increase of 0.20% to fund the Scarborough Subway), will result in the 2016 ending tax ratios shown in Column III.
Column I |
Column II |
Column III |
Property Class |
2016 Recommended Tax Ratios(before Graduated Tax Rates) |
2016 Ending Ratios (after Graduated Tax Rates and Budgetary Levy Increase) |
Residential |
1.000000 |
1.000000 |
Multi-Residential |
2.941000 |
2.867404 |
New Multi-Residential |
1.000000 |
1.000000 |
Commercial General - Unbanded |
2.941000 |
2.867404 |
Residual Commercial – Lowest Band |
2.770000 |
2.472298 |
Residual Commercial – Highest Band |
2.770000 |
2.867404 |
Industrial |
2.941000 |
2.867404 |
Pipeline |
1.923564 |
1.923564 |
Farmlands |
0.250000 |
0.250000 |
Managed Forests |
0.250000 |
0.250000 |
3. City Council:
a. adopt the tax rates set out below in Column IV, which rates will raise a local municipal general tax levy for 2016 of $4,008,910,578 inclusive of a 3.30% residential, new multi-residential, pipeline, farmlands and managed forest tax rate increase, and a 1.10% commercial, industrial, and multi-residential tax rate increase, and which rates include the tax rate increases adopted by Council in 2014 and 2015 for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway; and
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $15,852,455 and reflect the 2016 rate increase for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway, in accordance with Council's direction through Clause CC39.5 adopted by City Council on October 8, 2013.
Column I |
Column II |
Column III |
Column IV |
Column V |
Column VI |
Property Class |
2016 Tax Rate for General Local Municipal Levy After Graduated Tax Rates |
2016 Additional Tax Rate to Fund Budgetary Levy Increase |
2016 Municipal Tax Rate (excluding Charity rebates) |
2016 Additional Tax Rate (reflects the 2016 increase to Fund Scarborough Subway) |
2016 Municipal Tax Rate Inclusive of Subway Rate (excluding Charity rebates) |
(Column II+III) |
(Column IV+V) |
||||
Residential |
0.4906507% |
0.0161915% |
0.5068422% |
0.0029439% |
0.5097861% |
Multi-Residential |
1.4430037% |
0.0158730% |
1.4588767% |
0.0028860% |
1.4617627% |
New Multi-Residential |
0.4906507% |
0.0161915% |
0.5068422% |
0.0029439% |
0.5097861% |
Commercial |
1.4430037% |
0.0158730% |
1.4588767% |
0.0028860% |
1.4617627% |
Residual Commercial – Band 1 |
1.2441688% |
0.0136859% |
1.2578547% |
0.0024883% |
1.2603430% |
Residual Commercial – Band 2 |
1.4430037% |
0.0158730% |
1.4588767% |
0.0028860% |
1.4617627% |
Industrial |
1.4430037% |
0.0158730% |
1.4588767% |
0.0028860% |
1.4617627% |
Pipelines |
0.9437980% |
0.0311453% |
0.9749433% |
0.0056628% |
0.9806061% |
Farmlands |
0.1226627% |
0.0040478% |
0.1267105% |
0.0007360% |
0.1274465% |
Managed Forests |
0.1226627% |
0.0040478% |
0.1267105% |
0.0007360% |
0.1274465% |
Vote (Amend Item) Feb-17-2016 3:35 PM
Result: Lost | Majority Required - EX12.1 - Perks - motion 1a |
---|---|
Total members that voted Yes: 9 | Members that voted Yes are Joe Cressy, Janet Davis, Sarah Doucette, Paula Fletcher, Mike Layton, Pam McConnell, Joe Mihevc, Gord Perks, Kristyn Wong-Tam |
Total members that voted No: 33 | Members that voted No are Paul Ainslie, Maria Augimeri, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Glenn De Baeremaeker, Justin J. Di Ciano, John Filion, Mary Fragedakis, Mark Grimes, Michelle Holland, Stephen Holyday, Jim Karygiannis, Norman Kelly, Chin Lee, Giorgio Mammoliti, Josh Matlow, Mary-Margaret McMahon, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Jaye Robinson, David Shiner, Michael Thompson, John Tory |
Total members that were Absent: 3 | Members that were absent are Frank Di Giorgio, Rob Ford, Anthony Perruzza |
If motion a fails:
That City Council vary from Council's policy of limiting tax rate increases on the non-residential property classes to one-third of the residential property class increase, by increasing the tax rate increase on the non-residential property classes to one-half of the residential property class increase, and that City Council delete Executive Committee Recommendations 1 and 3 and replace them with the following recommendations, accordingly:
1. City Council adopt the 2016 tax ratios shown in Column II for each of the property classes set out below in Column I, which together with the graduated tax rate for the Residual Commercial Class as recommended in Recommendation 2 and the 2016 budgetary levy increase of 1.90% on the residential, new multi-residential,farmland, managed forest and pipeline property classes (inclusive of a levy increase of 0.6% to fund the Scarborough Subway) and approximately 0.95% on the commercial, industrial, multi-residential property classes (inclusive of a levy increase of 0.30% to fund the Scarborough Subway), will result in the 2016 ending tax ratios shown in Column III.
Column I |
Column II |
Column III |
Property Class |
2016 Recommended Tax Ratios(before Graduated Tax Rates) |
2016 Ending Ratios (after Graduated Tax Rates and Budgetary Levy Increase) |
Residential |
1.000000 |
1.000000 |
Multi-Residential |
2.941000 |
2.913581 |
New Multi-Residential |
1.000000 |
1.000000 |
Commercial General - Unbanded |
2.941000 |
2.913581 |
Residual Commercial – Lowest Band |
2.770000 |
2.512112 |
Residual Commercial – Highest Band |
2.770000 |
2.913581 |
Industrial |
2.941000 |
2.913581 |
Pipeline |
1.923564 |
1.923564 |
Farmlands |
0.250000 |
0.250000 |
Managed Forests |
0.250000 |
0.250000 |
3. City Council:
a. adopt the tax rates set out below in Column IV, which rates will raise a local municipal general tax levy for 2016 of $3,960,227,852 inclusive of a 1.30% residential, new multi-residential, pipeline, farmlands and managed forest tax rate increase, and a 0.65%% commercial, industrial, and multi-residential tax rate increase, and which rates include the tax rate increases adopted by Council in 2014 and 2015 for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway; and
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $17,771,918 and reflect the 2016 rate increase of 0.60% on the residential, new multi-residential, pipeline, farmlands and managed forest property classes, and 0.30% on the commercial, industrial, and multi-residential property classes, for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway, in accordance with Council's direction through Clause CC39.5 adopted by City Council on October 8, 2013, but as varied to allow for one-half of the tax rate increase to be passed onto the non-residential property classes;
Column I |
Column II |
Column III |
Column IV |
Column V |
Column VI |
Property Class |
2016 Tax Rate for General Local Municipal Levy After Graduated Tax Rates |
2016 Additional Tax Rate to Fund Budgetary Levy Increase |
2016 Municipal Tax Rate (excluding Charity rebates) |
2016 Additional Tax Rate (reflects the 2016 increase to Fund Scarborough Subway) |
2016 Municipal Tax Rate Inclusive of Subway Rate (excluding Charity rebates) |
(Column II+III) |
(Column IV+V) |
||||
Residential |
0.4906507% |
0.0063785% |
0.4970292% |
0.0029439% |
0.4999731% |
Multi-Residential |
1.4430037% |
0.0093795% |
1.4523832% |
0.0043290% |
1.4567122% |
New Multi-Residential |
0.4906507% |
0.0063785% |
0.4970292% |
0.0029439% |
0.4999731% |
Commercial |
1.4430037% |
0.0093795% |
1.4523832% |
0.0043290% |
1.4567122% |
Residual Commercial – Band 1 |
1.2441688% |
0.0080871% |
1.2522559% |
0.0037325% |
1.2559884% |
Residual Commercial – Band 2 |
1.4430037% |
0.0093795% |
1.4523832% |
0.0043290% |
1.4567122% |
Industrial |
1.4430037% |
0.0093795% |
1.4523832% |
0.0043290% |
1.4567122% |
Pipelines |
0.9437980% |
0.0122694% |
0.9560674% |
0.0056628% |
0.9617302% |
Farmlands |
0.1226627% |
0.0015946% |
0.1242573% |
0.0007360% |
0.1249933% |
Managed Forests |
0.1226627% |
0.0015946% |
0.1242573% |
0.0007360% |
0.1249933% |
Vote (Amend Item) Feb-17-2016 3:36 PM
Result: Lost | Majority Required - EX12.1 - Perks - motion 1b |
---|---|
Total members that voted Yes: 12 | Members that voted Yes are Maria Augimeri, Shelley Carroll, Joe Cressy, Janet Davis, Sarah Doucette, Paula Fletcher, Mary Fragedakis, Mike Layton, Pam McConnell, Joe Mihevc, Gord Perks, Kristyn Wong-Tam |
Total members that voted No: 30 | Members that voted No are Paul Ainslie, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Glenn De Baeremaeker, Justin J. Di Ciano, John Filion, Mark Grimes, Michelle Holland, Stephen Holyday, Jim Karygiannis, Norman Kelly, Chin Lee, Giorgio Mammoliti, Josh Matlow, Mary-Margaret McMahon, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Jaye Robinson, David Shiner, Michael Thompson, John Tory |
Total members that were Absent: 3 | Members that were absent are Frank Di Giorgio, Rob Ford, Anthony Perruzza |
That City Council approve a 0 percent tax increase for 2016 for all property classes.
Vote (Amend Item) Feb-17-2016 3:37 PM
Result: Lost | Majority Required - EX12.1 - Mammoliti - motion 2 |
---|---|
Total members that voted Yes: 1 | Members that voted Yes are Giorgio Mammoliti |
Total members that voted No: 41 | Members that voted No are Paul Ainslie, Maria Augimeri, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Sarah Doucette, John Filion, Paula Fletcher, Mary Fragedakis, Mark Grimes, Michelle Holland, Stephen Holyday, Jim Karygiannis, Norman Kelly, Mike Layton, Chin Lee, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Jaye Robinson, David Shiner, Michael Thompson, John Tory, Kristyn Wong-Tam |
Total members that were Absent: 3 | Members that were absent are Frank Di Giorgio, Rob Ford, Anthony Perruzza |
That City Council request the Deputy City Manager and Chief Financial Officer to report on a review of the tax shift phase-in timeline with a view to a faster phase-in of the tax shifts, in the preparation of the 2017 Operating/Capital Budget.
Vote (Amend Item (Additional)) Feb-17-2016 3:42 PM
Result: Carried | Majority Required - EX12.1 - Mihevc - motion 3 |
---|---|
Total members that voted Yes: 24 | Members that voted Yes are Paul Ainslie, Maria Augimeri, Ana Bailão, Jon Burnside, John Campbell, Shelley Carroll, Raymond Cho, Josh Colle, Joe Cressy, Janet Davis, Glenn De Baeremaeker, Sarah Doucette, Paula Fletcher, Mary Fragedakis, Mark Grimes, Norman Kelly, Mike Layton, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Frances Nunziata (Chair), Gord Perks, Michael Thompson, Kristyn Wong-Tam |
Total members that voted No: 19 | Members that voted No are Christin Carmichael Greb, Gary Crawford, Vincent Crisanti, Justin J. Di Ciano, John Filion, Michelle Holland, Stephen Holyday, Jim Karygiannis, Chin Lee, Giorgio Mammoliti, Josh Matlow, Denzil Minnan-Wong, Ron Moeser, Cesar Palacio, James Pasternak, Anthony Perruzza, Jaye Robinson, David Shiner, John Tory |
Total members that were Absent: 2 | Members that were absent are Frank Di Giorgio, Rob Ford |
That City Council increase the residential property class tax rate increase recommended by Executive Committee by 1.02%, and increase the property tax rates on the non-residential property classes by one-third of the residential property class increase, and that City Council delete Executive Committee Recommendations 1 and 3 and replace them with the following recommendations accordingly:
1. City Council adopt the 2016 tax ratios shown in Column II for each of the property classes set out below in Column I, which together with the graduated tax rate for the Residual Commercial Class as recommended in Recommendation 2 and the 2016 budgetary levy increase of 2.92% on the residential, new multi-residential,farmland, managed forest and pipeline property classes (inclusive of a levy increase of 0.6% to fund the Scarborough Subway) and 0.97% on the commercial, industrial, multi-residential property classes (inclusive of a levy increase of 0.20% to fund the Scarborough Subway), will result in the 2016 ending tax ratios shown in Column III.
Column I |
Column II |
Column III |
Property Class |
2016 Recommended Tax Ratios(before Graduated Tax Rates) |
2016 Ending Ratios (after Graduated Tax Rates and Budgetary Levy Increase) |
Residential |
1.000000 |
1.000000 |
Multi-Residential |
2.941000 |
2.885373 |
New Multi-Residential |
1.000000 |
1.000000 |
Commercial General - Unbanded |
2.941000 |
2.885373 |
Residual Commercial – Lowest Band |
2.770000 |
2.487790 |
Residual Commercial – Highest Band |
2.770000 |
2.885373 |
Industrial |
2.941000 |
2.885373 |
Pipeline |
1.923564 |
1.923564 |
Farmlands |
0.250000 |
0.250000 |
Managed Forests |
0.250000 |
0.250000 |
3. City Council:
a. adopt the tax rates set out below in Column IV, which rates will raise a local municipal general tax levy for 2016 of $3,983,018,098 inclusive of a 2.32% residential, new multi-residential, pipeline, farmlands and managed forest tax rate increase, and a 0.77% commercial, industrial, and multi-residential tax rate increase, and which rates include the tax rate increases adopted by Council in 2014 and 2015 for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway; and
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $15,852,455 and reflect the 2016 rate increase for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway, in accordance with Council's direction through Item CC39.5 adopted by City Council on October 8, 2013.
Column I |
Column II |
Column III |
Column IV |
Column V |
Column VI |
Property Class |
2016 Tax Rate for General Local Municipal Levy After Graduated Tax Rates |
2016 Additional Tax Rate to Fund Budgetary Levy Increase |
2016 Municipal Tax Rate (excluding Charity rebates) |
2016 Additional Tax Rate (reflects the 2016 increase to Fund Scarborough Subway) |
2016 Municipal Tax Rate Inclusive of Subway Rate (excluding Charity rebates) |
(Column II+III) |
(Column IV+V) |
||||
Residential |
0.4906507% |
0.0113831% |
0.5020338% |
0.0029439% |
0.5049777% |
Multi-Residential |
1.4430037% |
0.0111592% |
1.4541629% |
0.0028860% |
1.4570489% |
New Multi-Residential |
0.4906507% |
0.0113831% |
0.5020338% |
0.0029439% |
0.5049777% |
Commercial |
1.4430037% |
0.0111592% |
1.4541629% |
0.0028860% |
1.4570489% |
Residual Commercial – Band 1 |
1.2441688% |
0.0096216% |
1.2537904% |
0.0024883% |
1.2562787% |
Residual Commercial – Band 2 |
1.4430037% |
0.0111592% |
1.4541629% |
0.0028860% |
1.4570489% |
Industrial |
1.4430037% |
0.0111592% |
1.4541629% |
0.0028860% |
1.4570489% |
Pipelines |
0.9437980% |
0.0218961% |
0.9656941% |
0.0056628% |
0.9713569% |
Farmlands |
0.1226627% |
0.0028458% |
0.1255085% |
0.0007360% |
0.1262445% |
Managed Forests |
0.1226627% |
0.0028458% |
0.1255085% |
0.0007360% |
0.1262445% |
Vote (Amend Item) Feb-17-2016 3:38 PM
Result: Lost | Majority Required - EX12.1 - Davis - motion 4a |
---|---|
Total members that voted Yes: 11 | Members that voted Yes are Maria Augimeri, Joe Cressy, Janet Davis, Sarah Doucette, Paula Fletcher, Mary Fragedakis, Mike Layton, Pam McConnell, Joe Mihevc, Gord Perks, Kristyn Wong-Tam |
Total members that voted No: 31 | Members that voted No are Paul Ainslie, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Glenn De Baeremaeker, Justin J. Di Ciano, John Filion, Mark Grimes, Michelle Holland, Stephen Holyday, Jim Karygiannis, Norman Kelly, Chin Lee, Giorgio Mammoliti, Josh Matlow, Mary-Margaret McMahon, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Jaye Robinson, David Shiner, Michael Thompson, John Tory |
Total members that were Absent: 3 | Members that were absent are Frank Di Giorgio, Rob Ford, Anthony Perruzza |
That City Council increase the residential property class tax rate increase recommended by Executive Committee by 0.13%, and increase the property tax rates on the non-residential property classes by one-third of the residential property class increase, and that City Council delete Executive Committee Recommendations 1 and 3 and replace them with the following recommendations accordingly:
1. City Council adopt the 2016 tax ratios shown in Column II for each of the property classes set out below in Column I, which together with the graduated tax rate for the Residual Commercial Class as recommended in Recommendation 2 and the 2016 budgetary levy increase of 2.03% on the residential, new multi-residential, farmland, managed forest and pipeline property classes (inclusive of a levy increase of 0.60% to fund the Scarborough Subway) and 0.68% on the commercial, industrial, multi-residential property classes (inclusive of a levy increase of 0.20% to fund the Scarborough Subway), will result in the 2016 ending tax ratios shown in Column III.
Column I |
Column II |
Column III |
Property Class |
2016 Recommended Tax Ratios(before Graduated Tax Rates) |
2016 Ending Ratios (after Graduated Tax Rates and Budgetary Levy Increase) |
Residential |
1.000000 |
1.000000 |
Multi-Residential |
2.941000 |
2.901990 |
New Multi-Residential |
1.000000 |
1.000000 |
Commercial General - Unbanded |
2.941000 |
2.901990 |
Residual Commercial – Lowest Band |
2.770000 |
2.502118 |
Residual Commercial – Highest Band |
2.770000 |
2.901990 |
Industrial |
2.941000 |
2.901990 |
Pipeline |
1.923564 |
1.923564 |
Farmlands |
0.250000 |
0.250000 |
Managed Forests |
0.250000 |
0.250000 |
3. City Council:
a. adopt the tax rates set out below in Column IV, which rates will raise a local municipal general tax levy for 2016 of $3,959,503,538 inclusive of a 1.43% residential, new multi-residential, pipeline, farmlands and managed forest tax rate increase, and a 0.48% commercial, industrial, and multi-residential tax rate increase, and which rates include the tax rate increases adopted by Council in 2014 and 2015 for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway; and
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $15,852,455 and reflect the 2016 rate increase for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway, in accordance with Council's direction through Item CC39.5 adopted by City Council on October 8, 2013.
Column I |
Column II |
Column III |
Column IV |
Column V |
Column VI |
Property Class |
2016 Tax Rate for General Local Municipal Levy After Graduated Tax Rates |
2016 Additional Tax Rate to Fund Budgetary Levy Increase |
2016 Municipal Tax Rate (excluding Charity rebates) |
2016 Additional Tax Rate (reflects the 2016 increase to Fund Scarborough Subway) |
2016 Municipal Tax Rate Inclusive of Subway Rate (excluding Charity rebates) |
(Column II+III) |
(Column IV+V) |
||||
Residential |
0.4906507% |
0.0070163% |
0.4976670% |
0.0029439% |
0.5006109% |
Multi-Residential |
1.4430037% |
0.0068783% |
1.4498820% |
0.0028860% |
1.4527680% |
New Multi-Residential |
0.4906507% |
0.0070163% |
0.4976670% |
0.0029439% |
0.5006109% |
Commercial |
1.4430037% |
0.0068783% |
1.4498820% |
0.0028860% |
1.4527680% |
Residual Commercial – Band 1 |
1.2441688% |
0.0059306% |
1.2500994% |
0.0024883% |
1.2525877% |
Residual Commercial – Band 2 |
1.4430037% |
0.0068783% |
1.4498820% |
0.0028860% |
1.4527680% |
Industrial |
1.4430037% |
0.0068783% |
1.4498820% |
0.0028860% |
1.4527680% |
Pipelines |
0.9437980% |
0.0134963% |
0.9572943% |
0.0056628% |
0.9629571% |
Farmlands |
0.1226627% |
0.0017541% |
0.1244168% |
0.0007360% |
0.1251528% |
Managed Forests |
0.1226627% |
0.0017541% |
0.1244168% |
0.0007360% |
0.1251528% |
Vote (Amend Item) Feb-17-2016 3:39 PM
Result: Lost | Majority Required - EX12.1 - Davis - motion 4b |
---|---|
Total members that voted Yes: 12 | Members that voted Yes are Maria Augimeri, Shelley Carroll, Joe Cressy, Janet Davis, Sarah Doucette, Paula Fletcher, Mary Fragedakis, Mike Layton, Pam McConnell, Joe Mihevc, Gord Perks, Kristyn Wong-Tam |
Total members that voted No: 30 | Members that voted No are Paul Ainslie, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Glenn De Baeremaeker, Justin J. Di Ciano, John Filion, Mark Grimes, Michelle Holland, Stephen Holyday, Jim Karygiannis, Norman Kelly, Chin Lee, Giorgio Mammoliti, Josh Matlow, Mary-Margaret McMahon, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Jaye Robinson, David Shiner, Michael Thompson, John Tory |
Total members that were Absent: 3 | Members that were absent are Frank Di Giorgio, Rob Ford, Anthony Perruzza |
That the residential tax rate be increased by 1.6% to accurately reflect the current rate of inflation, and accordingly, City Council increase the residential property class tax rate by 2.20%, and increase the property tax rates on the non-residential property classes by one-third of the residential property class increase, and that City Council delete Executive Committee Recommendations 1 and 3 and replace them with the following recommendations:
1. City Council adopt the 2016 tax ratios shown in Column II for each of the property classes set out below in Column I, which together with the graduated tax rate for the Residual Commercial Class as recommended in Recommendation 2 and the 2016 budgetary levy increase of 2.20% on the residential, new multi-residential, farmland, managed forest and pipeline property classes (inclusive of a levy increase of 0.60% to fund the Scarborough Subway) and 0.73% on the commercial, industrial, multi-residential property classes (inclusive of a levy increase of 0.20% to fund the Scarborough Subway), will result in the 2016 ending tax ratios shown in Column III.
Column I |
Column II |
Column III |
Property Class |
2016 Recommended Tax Ratios(before Graduated Tax Rates) |
2016 Ending Ratios (after Graduated Tax Rates and Budgetary Levy Increase) |
Residential |
1.000000 |
1.000000 |
Multi-Residential |
2.941000 |
2.898794 |
New Multi-Residential |
1.000000 |
1.000000 |
Commercial General - Unbanded |
2.941000 |
2.898794 |
Residual Commercial – Lowest Band |
2.770000 |
2.499362 |
Residual Commercial – Highest Band |
2.770000 |
2.898794 |
Industrial |
2.941000 |
2.898794 |
Pipeline |
1.923564 |
1.923564 |
Farmlands |
0.250000 |
0.250000 |
Managed Forests |
0.250000 |
0.250000 |
3. City Council:
a. adopt the tax rates set out below in Column IV, which rates will raise a local municipal general tax levy for 2016 of $ 3,963,995,063 inclusive of a 1.60% residential, new multi-residential, pipeline, farmlands and managed forest tax rate increase, and a 0.53% commercial, industrial, and multi-residential tax rate increase, and which rates include the tax rate increases adopted by Council in 2014 and 2015 for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway; and
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $15,852,455 and reflect the 2016 rate increase for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway, in accordance with Council's direction through Item CC39.5 adopted by City Council on October 8, 2013.
Column I |
Column II |
Column III |
Column IV |
Column V |
Column VI |
Property Class |
2016 Tax Rate for General Local Municipal Levy After Graduated Tax Rates |
2016 Additional Tax Rate to Fund Budgetary Levy Increase |
2016 Municipal Tax Rate (excluding Charity rebates) |
2016 Additional Tax Rate (reflects the 2016 increase to Fund Scarborough Subway) |
2016 Municipal Tax Rate Inclusive of Subway Rate (excluding Charity rebates) |
(Column II+III) |
(Column IV+V) |
||||
Residential |
0.4906507% |
0.0078504% |
0.4985011% |
0.0029439% |
0.5014450% |
Multi-Residential |
1.4430037% |
0.0076960% |
1.4506997% |
0.0028860% |
1.4535857% |
New Multi-Residential |
0.4906507% |
0.0078504% |
0.4985011% |
0.0029439% |
0.5014450% |
Commercial |
1.4430037% |
0.0076960% |
1.4506997% |
0.0028860% |
1.4535857% |
Residual Commercial – Band 1 |
1.2441688% |
0.0066356% |
1.2508044% |
0.0024883% |
1.2532927% |
Residual Commercial – Band 2 |
1.4430037% |
0.0076960% |
1.4506997% |
0.0028860% |
1.4535857% |
Industrial |
1.4430037% |
0.0076960% |
1.4506997% |
0.0028860% |
1.4535857% |
Pipelines |
0.9437980% |
0.0151008% |
0.9588988% |
0.0056628% |
0.9645616% |
Farmlands |
0.1226627% |
0.0019626% |
0.1246253% |
0.0007360% |
0.1253613% |
Managed Forests |
0.1226627% |
0.0019626% |
0.1246253% |
0.0007360% |
0.1253613% |
Vote (Amend Item) Feb-17-2016 3:39 PM
Result: Lost | Majority Required - EX12.1 - Carroll - motion 5 |
---|---|
Total members that voted Yes: 12 | Members that voted Yes are Maria Augimeri, Shelley Carroll, Joe Cressy, Janet Davis, Sarah Doucette, Paula Fletcher, Mary Fragedakis, Mike Layton, Pam McConnell, Joe Mihevc, Gord Perks, Kristyn Wong-Tam |
Total members that voted No: 30 | Members that voted No are Paul Ainslie, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Glenn De Baeremaeker, Justin J. Di Ciano, John Filion, Mark Grimes, Michelle Holland, Stephen Holyday, Jim Karygiannis, Norman Kelly, Chin Lee, Giorgio Mammoliti, Josh Matlow, Mary-Margaret McMahon, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Jaye Robinson, David Shiner, Michael Thompson, John Tory |
Total members that were Absent: 3 | Members that were absent are Frank Di Giorgio, Rob Ford, Anthony Perruzza |
That City Council amend Executive Committee Recommendation 3 by deleting Part b:
Part to be deleted:
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $15,852,455 and reflect the 2016 rate increase for the purposes of funding the City's share of the cost of construction of the Scarborough Subway, in accordance with Council's direction through Clause CC39.5 adopted by City Council on October 8, 2013.
and replacing it with the following new Part b:
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $15,852,455 for the following purposes: (i) 90% of which will be dedicated for the purposes of funding the City’s share of the cost of construction of the Scarborough Subway, and (ii) the remaining 10% of which will be dedicated to transit improvements in Wards 39, 40, 41, 42.
Vote (Amend Item) Feb-17-2016 3:40 PM
Result: Lost | Majority Required - EX12.1 - Karygiannis - motion 6 |
---|---|
Total members that voted Yes: 2 | Members that voted Yes are Raymond Cho, Jim Karygiannis |
Total members that voted No: 40 | Members that voted No are Paul Ainslie, Maria Augimeri, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Josh Colle, Gary Crawford, Joe Cressy, Vincent Crisanti, Janet Davis, Glenn De Baeremaeker, Justin J. Di Ciano, Sarah Doucette, John Filion, Paula Fletcher, Mary Fragedakis, Mark Grimes, Michelle Holland, Stephen Holyday, Norman Kelly, Mike Layton, Chin Lee, Giorgio Mammoliti, Josh Matlow, Pam McConnell, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Gord Perks, Jaye Robinson, David Shiner, Michael Thompson, John Tory, Kristyn Wong-Tam |
Total members that were Absent: 3 | Members that were absent are Frank Di Giorgio, Rob Ford, Anthony Perruzza |
Vote (Adopt Item as Amended) Feb-17-2016 3:43 PM
Result: Carried | Majority Required - EX12.1 - Adopt the item as amended |
---|---|
Total members that voted Yes: 30 | Members that voted Yes are Paul Ainslie, Ana Bailão, Jon Burnside, John Campbell, Christin Carmichael Greb, Shelley Carroll, Raymond Cho, Josh Colle, Gary Crawford, Vincent Crisanti, Glenn De Baeremaeker, Justin J. Di Ciano, John Filion, Mark Grimes, Michelle Holland, Stephen Holyday, Norman Kelly, Chin Lee, Josh Matlow, Mary-Margaret McMahon, Joe Mihevc, Denzil Minnan-Wong, Ron Moeser, Frances Nunziata (Chair), Cesar Palacio, James Pasternak, Jaye Robinson, David Shiner, Michael Thompson, John Tory |
Total members that voted No: 13 | Members that voted No are Maria Augimeri, Joe Cressy, Janet Davis, Sarah Doucette, Paula Fletcher, Mary Fragedakis, Jim Karygiannis, Mike Layton, Giorgio Mammoliti, Pam McConnell, Gord Perks, Anthony Perruzza, Kristyn Wong-Tam |
Total members that were Absent: 2 | Members that were absent are Frank Di Giorgio, Rob Ford |
EX12.1 - 2016 Property Tax Rates and Related Matters
- Decision Type:
- ACTION
- Status:
- Adopted
- Wards:
- All
Committee Recommendations
The Executive Committee recommends that:
1. City Council adopt the 2016 tax ratios shown in Column II for each of the property classes set out below in Column I, which together with the graduated tax rate for the Residual Commercial Class as recommended in Recommendation 2 and the 2016 budgetary levy increase of 1.90% on the residential, new multi-residential, farmland, managed forest and pipeline property classes (inclusive of a levy increase of 0.6% to fund the Scarborough Subway) and approximately 0.63% on the commercial, industrial, multi-residential property classes (inclusive of a levy increase of 0.2% to fund the Scarborough Subway), will result in the 2016 ending tax ratios shown in Column III.
Column I | Column II | Column III |
Property Class | 2016 Recommended Tax Ratios(before Graduated Tax Rates) | 2016 Ending Ratios (after Graduated Tax Rates and Budgetary Levy Increase) |
Residential | 1.000000 | 1.000000 |
Multi-Residential | 2.941000 | 2.904442 |
New Multi-Residential | 1.000000 | 1.000000 |
Commercial General - Unbanded | 2.941000 | 2.904442 |
Residual Commercial – Lowest Band | 2.770000 | 2.504232 |
Residual Commercial – Highest Band | 2.770000 | 2.904442 |
Industrial | 2.941000 | 2.904442 |
Pipeline | 1.923564 | 1.923564 |
Farmlands | 0.250000 | 0.250000 |
Managed Forests | 0.250000 | 0.250000 |
2. City Council continue the previous adoption of two bands of assessment of property in the Residual Commercial property class, for the purposes of facilitating graduated tax rates for the Residual Commercial property class in 2016 as set out in the Enhancing Toronto's Business Climate initiative, and setting such bands of assessment for each band shown in Column II at the amount shown in Column III, and setting the ratio of the tax rates for each band in relation to each other at the ratio shown in Column IV.
Column I | Column II | Column III | Column IV |
Property Class | Bands | Portion of Assessment | Ratio of Tax Rate to Each Other |
Residual Commercial | Lowest Band | Less than or equal to $1,000,000 | 0.8622076 |
Residual Commercial | Highest Band | Greater than $1,000,000 | 1.0000000 |
3. City Council:
a. adopt the tax rates set out below in Column IV, which rates will raise a local municipal general tax levy for 2016 of $3,956,069,029 inclusive of a 1.30% residential, new multi-residential, pipeline, farmlands and managed forest tax rate increase, and a 0.43% commercial, industrial, and multi-residential tax rate increase, and which rates include the tax rate increases adopted by Council in 2014 and 2015 for the purposes of funding the City's share of the cost of construction of the Scarborough Subway; and
b. adopt the additional tax rates set out below in Column V, which rates will raise an additional special general tax levy of $15,852,455 and reflect the 2016 rate increase for the purposes of funding the City's share of the cost of construction of the Scarborough Subway, in accordance with Council's direction through Clause CC39.5 adopted by City Council on October 8, 2013.
Column I | Column II | Column III | Column IV | Column V | Column VI |
Property Class | 2016 Tax Rate for General Local Municipal Levy After Graduated Tax Rates | 2016 Additional Tax Rate to Fund Budgetary Levy Increase | 2016 Municipal Tax Rate (excluding Charity rebates) | 2016 Additional Tax Rate (reflects the 2016 increase to Fund Scarborough Subway) | 2016 Municipal Tax Rate Inclusive of Subway Rate (excluding Charity rebates) |
(Column II+III) | (Column IV+V) | ||||
Residential | 0.4906507% | 0.0063785% | 0.4970292% | 0.0029439% | 0.4999731% |
Multi-Residential | 1.4430037% | 0.0062530% | 1.4492567% | 0.0028860% | 1.4521427% |
New Multi-Residential | 0.4906507% | 0.0063785% | 0.4970292% | 0.0029439% | 0.4999731% |
Commercial | 1.4430037% | 0.0062530% | 1.4492567% | 0.0028860% | 1.4521427% |
Residual Commercial – Band 1 | 1.2441688% | 0.0053914% | 1.2495602% | 0.0024883% | 1.2520485% |
Residual Commercial – Band 2 | 1.4430037% | 0.0062530% | 1.4492567% | 0.0028860% | 1.4521427% |
Industrial | 1.4430037% | 0.0062530% | 1.4492567% | 0.0028860% | 1.4521427% |
Pipelines | 0.9437980% | 0.0122694% | 0.9560674% | 0.0056628% | 0.9617302% |
Farmlands | 0.1226627% | 0.0015946% | 0.1242573% | 0.0007360% | 0.1249933% |
Managed Forests | 0.1226627% | 0.0015946% | 0.1242573% | 0.0007360% | 0.1249933% |
4. City Council determine that the 2016 Non-Program Tax Account for Rebates to Charities in the Commercial Property Classes be set in the amount of $7,157,418 to fund the mandatory property tax rebates to registered charities in the commercial property classes, which provision is to be funded, for a net impact on the 2016 operating budget of zero, by the following:
a. the additional tax rates set out below in Column III be levied as part of the general local municipal levy on the commercial classes set out in Column I and Column II to raise a further additional local municipal tax levy of $7,157,418 to fund the total estimated rebates to registered charities for properties in the commercial classes.
Column I | Column II | Column III |
Commercial Property Classes | Bands | Additional Tax Rate to Fund Rebates to Eligible Charities |
Commercial General | Unbanded | 0.0077175% |
Residual Commercial | Lowest Band | 0.0066540% |
Residual Commercial | Highest Band | 0.0077175% |
5. City Council determine that for the purposes of the Capping and Clawback of taxes in the commercial, industrial and multi-residential property classes:
a. City Council adopt the continued limiting of reassessment-related tax increases for the commercial, industrial, and multi-residential property classes at a cap of 5% of the preceding year's Current Value Assessment taxes for the 2016 taxation year.
b. City Council adopt the continued removal of properties from the capping and clawback system once they have reached their full Current Value Assessment-level of taxation for the 2016 tax year.
6. City Council direct the Deputy City Manager and Chief Financial Officer to report to Executive Committee at its meeting scheduled for April 18, 2016, or directly to Council or a special meeting of Council if necessary, on the 2016 tax rates for school purposes, and the 2016 percentage of the tax decreases required to recover the revenues foregone as a result of the cap limit on properties in the commercial, industrial and multi-residential property classes (the 2016 'clawback' rates).
7. City Council determine that for the purposes of the comparable property tax treatment for new construction in the commercial, industrial and multi-residential classes the minimum property taxes for new construction be set at 100% of the full uncapped Current Value Assessment level of taxes for 2016 and future years.
8. City Council determine that:
a. the instalment dates for the 2016 final tax bills be set as follows:
i. the regular instalment dates be July 4, August 2, and September 1 of 2016.
ii. for taxpayers who are enrolled in the monthly pre-authorized property tax payment program, the instalment dates be July 15, August 15, September 15, October 17, November 15 and December 15 of 2016.
iii. for taxpayers who are enrolled in the two installment program, the final instalment date be July 4, 2016.
b. the collection of taxes for 2016, other than those levied under By-law No. 1291-2015 (the interim levy by-law) be authorized.
9. City Council authorize the appropriate officials to take the necessary action to give effect thereto and grant authority for the introduction of the necessary bills in Council.
Origin
Summary
To recommend the 2016 municipal tax ratios and tax rates arising from the concurrent adoption of the City of Toronto's 2016 tax supported Operating Budget and Capital Budget.
The 2016 tax rate increases recommended by Budget Committee for the purpose of the 2016 Operating Budget will raise an additional $34.347 million for the 2016 Operating Budget. The previously approved additional tax rate increases for the purpose of funding the Scarborough Subway will raise an additional $15.852 million for the Scarborough Subway. These tax rate increases are in accordance with City Council's previously approved policies and decisions. The 2016 tax rate increases are as follows:
2016 Recommended Property Tax Rate Increases
Property Class | 2016 Tax Rate Increase for Operating Budget | 2016 Tax Rate Increase for Scarborough Subway | 2016 Total Tax Rate Increase |
Residential, New Multi-Residential, Farmland, Managed Forest, and Pipelines | 1.30% | 0.60% | 1.90% |
Commercial, Industrial, and Multi-Residential | 0.43% | 0.20% | 0.63% |
Total Tax Rate Increase | 0.88% | 0.40% | 1.28% |
Background Information
https://www.toronto.ca/legdocs/mmis/2016/ex/bgrd/backgroundfile-90233.pdf
(January 27, 2016) Report from the Deputy City Manager and Chief Financial Officer on 2016 Property Tax Rates and Related Matters - Notice of Pending Report
https://www.toronto.ca/legdocs/mmis/2016/ex/bgrd/backgroundfile-90341.pdf